Bitrabo Editorial
A well-known individual in the cryptocurrency industry publicly disclosed that he has divested all his Bitcoin (BTC) assets in favor of Altcoins. In a recent post, this market authority revealed his continued belief in BTC while explaining his actions and rationale.
Taking a Gamble to Increase Bitcoin Holdings
On a recent occasion, esteemed crypto analyst Michaël van de Poppe informed his audience about parting ways with all his Bitcoin holdings. Despite this move, he emphasized his unwavering faith in BTC.
He expressed his confidence in the belief that the most significant cryptocurrency by market cap has not reached its peak in this market cycle. Additionally, he affirmed that he has not entirely switched his allegiance to gold.
Van de Poppe’s announcement. Source: Michael van de Poppe on X
Van de Poppe’s strategy involves reacquiring more Bitcoin later in the year since he believes “It’s a bull cycle; we can’t deny that.” However, he indicated that the straightforward nature of the four-year cycle and the influence of “Halving” events will diminish as Bitcoin matures as a global asset and institutions prioritize their risk appetite in portfolio management.
According to the analyst, the key factor here is “risk.” Institutions will adjust their risk exposure as liquidity decreases. Consequently, this market cycle could be the last easy opportunity to generate substantial returns through Altcoins.
Van de Poppe, a 31-year-old entrepreneur experienced in navigating various market conditions since 2017, recognized the necessity of taking risks. In his pursuit to acquire more Bitcoin, he chose to trade Altcoins within the Web 3.0 ecosystem, a path he acknowledges as risky:
“I understand the risks involved in seeking significant returns; it necessitates knowledge and courage to take risks against prevailing sentiments and odds. This is where I find it most appealing, despite facing challenges in the past. That’s a fact I cannot ignore.”
Altcoins Set for High Returns
Elaborating on his decision to regain his Bitcoin through this strategy, the analyst pointed out that Altcoins have been severely undervalued during this cycle. Van de Poppe is contemplating various events that might impact his Altcoin bet.
He highlighted the slim chance of an Ethereum (ETH) spot Exchange-Traded Fund (ETF) approval and the SEC’s actions on ETH as potential game-changers. Clarity on the status of the second-largest cryptocurrency could lead to a significant shift.
Additionally, the outcome of the US House of Representatives vote on the FIT21 bill might offer clearer regulatory guidelines for the crypto sector in the US. Finally, the resolution of the XRP lawsuit, which he predicts will conclude with the asset not considered a security, could have a positive impact on the market.
Although he acknowledged the considerable risks, van de Poppe remains optimistic about the potential upside. Despite being 20% down on his overall investment in two weeks, he is prepared for the possibility of a 50-80% loss. He believes the potential gains of 300-900% in the next 6 to 12 months outweigh the risks, with the chance of earning up to 4500% within one to two years, leading him to allocate entirely to Altcoins. He concluded optimistically, anticipating a splendid bull cycle ahead.
