- Crypto expert Michaël van de Poppe predicts a bullish future for Bitcoin, citing macroeconomic factors that could soon favor the flagship cryptocurrency.
- Van de Poppe anticipates an imminent Quantitative Easing (QE), which he believes will boost Bitcoin’s value.
- He advises investors to long Bitcoin, predicting that the QE will become evident in the data released in the coming months.
Michaël van de Poppe, a renowned crypto expert, anticipates a bullish surge for Bitcoin due to expected macroeconomic factors. He urges investors to take action, predicting a significant rise in Bitcoin’s value.
An Imminent Quantitative Easing Would Be Good For Bitcoin
Van de Poppe suggested in a post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that the Fed has already started to “unwind Treasury buybacks and is reducing QT [Quantitative Tightening].” He claims this is happening because the economic data has worsened, which puts the US at risk of a recession. Therefore, the Fed seeks to avoid this recession by buying back long-term government bonds and injecting liquidity into the financial system. As the crypto expert predicts, this could be good since it will force the Fed to take a more dovish stance and possibly lower interest rates, boosting investors’ confidence to go all in on risk assets like Bitcoin.
What To Expect Going Forward
In another post, Van de Popper revealed his expectations for the crypto market going forward. He stated that Bitcoin will consolidate and go sideways, possibly ahead of the QE which will boost its price in the coming months. Meanwhile, he also expects Altcoins to “heavily outperform and rotation kicks in.” The crypto expert had previously echoed a similar sentiment when he stated that he expects altcoins to bounce in their Bitcoin pairs while Bitcoin faces a period of consolidation that he doesn’t expect to change in the “coming months.” He also mentioned that there would be a narrative shift to Ethereum, and he reaffirmed this belief in a more recent post, stating that he expects a lot from the second-largest crypto token by market cap.
Conclusion
Michaël van de Poppe’s predictions for Bitcoin and the broader crypto market are based on his analysis of macroeconomic factors and market trends. His anticipation of an imminent QE and its potential impact on Bitcoin’s value could provide valuable insights for investors. However, as with all predictions, these should be taken as part of a broader investment strategy, considering other market factors and individual risk tolerance.
