Famous cryptocurrency analyst Michaël van de Poppe announced that he sold all his Bitcoins in a surprising move. Despite this, he maintains that he has not lost faith in BTC and does not believe it has reached its peak for this cycle.
Van de Poppe explained that the decision to sell all his Bitcoins was a strategic decision and he aims to obtain more Bitcoins later in the year. He noted that we are in a bull cycle and that the simplicity of the four-year cycle will diminish over time as Bitcoin matures as an asset.
Last week, pension funds, insurance companies and the largest hedge funds in the US reported allocating funds to the Spot Bitcoin ETF. CME Group also announced the upcoming launch of a futures ETF. According to the analyst, these developments show that Bitcoin is becoming a mature asset in the world.
Van de Poppe claims that this cycle is the last relatively easy one to make a lot of money through altcoins. He outlines four ways to generate high returns during a bull cycle for Bitcoin:
- Selling Bitcoin at high levels and buying it back at low levels. According to the analyst, this strategy involves a lot of risk as timing can be difficult.
- Using leverage to go long/short Bitcoin and get more Bitcoin by trading futures on the real asset.
- Accumulate more Bitcoin by selling and earning income through labor outside (or within) the crypto ecosystem. According to the analyst, this is the easiest way to get more Bitcoin.
- Trading altcoins within the Web 3.0 ecosystem to get more Bitcoin. According to the analyst, this is the riskiest way because timing the markets wrongly or investing at the wrong time can easily lead to losses.
Van de Poppe, a 31-year-old entrepreneur who has been on the market since 2017, announced that he chose the last option. He believes that in order to get a big return, one has to take risks against all odds and sensitivity. He admits there are times when things go bad, but he says he’s willing to take risks.
Van de Poppe believes the world will focus on gaining as much Bitcoin and Gold as possible
*This is not investment advice.
