As a smart business move, famous crypto expert Michaël van de Poppe sold all of his Bitcoin stocks and put the funds into promising altcoins like Cardano and XRP. Van de Poppe talked about what led him to make his choice and emphasized that he thought the crypto market would go up.
Van de Poppe, who is known for being very good at analysis, explained his point of view in a post on X (formerly Twitter). He stressed that altcoins were thought to be undervalued by saying that they had been “crushed unreasonably hard.” He is optimistic because he thinks that this downturn in the altcoin market is a chance for the market to go up a lot.
Bitcoin Sees Altcoin Potential
The expert said that altcoins are likely to do better than Bitcoin in the near future, which is in line with what he said before. Notably, he saw a rise in altcoin dominance after Bitcoin’s halving event and saw a change in the story toward Ethereum.
Van de Poppe talked about upcoming events that will make things happen, like the Spot Ethereum ETF being approved and political progress like the FIT21 bill, which will make it easier to regulate digital assets in the US. As another possible reason for the rise of altcoins, he mentioned that the SEC case against Ripple is still not over.
The move Van de Poppe is making isn’t just a short-term guess; it’s a well-thought-out plan with big rewards in mind. He expects a return of 300% to 900% over the next six to twelve months. After that, he plans to switch back to Bitcoin and hope for another round of major gains, as long as Bitcoin stays stable.
Van de Poppe is still confident in his plan, even though he is aware of the risks, such as the fact that he is currently down 20%. He stays resolute in his support for altcoins and is full of hope for a coming bullish cycle that he calls “glorious.”
This brave move by Van de Poppe shows a change in the crypto community’s mood. Investors are now navigating a world full of risk and chance.
