Trader and investor Michaël van de Poppe says Bitcoin is officially back in a bull run and could reach $1 million per coin in the next few years.
However, the founders of MN Consultancy, MN Capital and MN Academy warn that $1 million worth of Bitcoin (Bitcoin) prices may be accompanied by a broader debt crisis, which could devastate the prices of all assets in the short term.
Vanderpop sat down Decentralization with Cointelegraph Host Jonathan DeYoung DKGcon 2024 in Amsterdam Get an exclusive interview discussing the state of the Bitcoin bull market, whether altcoin season is coming, the impact of Donald Trump’s presidency, and more.
Bitcoin Price Hits $1 Million?
Van de Poppe, who recently spoke with DeYoung on Bitcoin on October 24 Return to all-time high — said Bitcoin is back in a bull market but has been stuck in the “boring zone” while waiting to return to the “banana zone.”
“I still believe that, right now, we’re on the verge of a perfect storm, or we’re actually building it, which means next year is going to be important,” he said. “But maybe that’s the difference: I think the next part of the cycle is going to be longer than the last one, so we’ll end up somewhere in 2026.”
source: Michael van de Pop
As for whether Bitcoin will reach The oft-discussed $1,000,000 price pointVan der Pop said this is likely to happen as long as the central bank’s de facto policy continues to be to print money.
Related: Bitcoin rose 1,900% during Trump’s first term: Will the BTC price hit $1 million this time?
However, he warned that many investors were not paying enough attention to “the amount of debt that we have created and that is reaching a peak.” (…) It will be recalled at some point, so we will have a debt crisis like 2008. “
“When that happens, the number of dollars we have in circulation will go down. If that happens, the purchasing power will also go down and the price of Bitcoin will change. So yes, at some point I would expect it It will happen. But if there is a crisis in the middle, yes, of course, it will be catastrophic for the valuation of all dollar-denominated assets.”
Bitcoin’s future under Trump
Vanderpop also weighed in on the impact US President-elect Trump His administration may take action against Bitcoin. “I think people are overestimating the current election,” he told DeYoung. “In the long run, it doesn’t matter.”
“Bitcoin doesn’t care about governments and it doesn’t care about policy.”
He believes that Trump’s regulatory approach will be very good for Bitcoin in the short term, “at least if he walks the talk.” However, the medium-term impact could be “catastrophic,” as he stated that he is determined to end currency swell. Vanderpop said that ultimately, no matter who is in charge, Bitcoin will continue to provide the same value proposition as it always has.
“I think in the short term, people are overestimating the election. (…) It just doesn’t really make sense. It’s going to be the same outcome in the end.”
To hear more from van de Poppe, including whether copycat season is coming and his advice for new traders and seasoned traders alike, listen to the full episode Decentralization with Cointelegraph exist Cointelegraph’s podcast page, Spotify, Apple Podcasts Or your podcast platform of choice. Don’t forget to check out Cointelegraph’s full lineup From other shows!
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This article is for general information purposes only and is not intended to be, and should not be construed as, legal or investment advice. The views, thoughts, and opinions expressed here are solely those of the author and do not necessarily reflect or represent the views and opinions of Cointelegraph.
