Altcoins
Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe
Published
2 days agoon
By
adminBitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe.
However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term.
Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview to discuss the state of the Bitcoin bull market, whether an altseason is on the horizon, the impact of a Donald Trump presidency, and more.
Bitcoin price to $1 million?
Van de Poppe, who spoke with DeYoung on Oct. 24 — prior to Bitcoin’s recent return to new all-time highs — said that Bitcoin was back in a bull market but that it had been stuck in the “boring zone” while waiting for a return to the “banana zone.”
“I still believe that, currently, we are on the verge of the perfect storm, or we are actually building it already, which means that next year is going to be big,” he said. “But maybe that’s the difference: I think that the next part of the cycle is going to be longer than the previous cycle, so we’re going to end up in somewhere 2026.”
As to whether Bitcoin will ever reach the oft-discussed $1,000,000 price point, van de Poppe said it will likely happen as long as the de facto policy from central banks continues to be money-printing.
Related: Bitcoin gained 1,900% in Trump’s first term: Will BTC price hit $1M this time?
However, he cautioned that many investors don’t pay close enough attention to “the amount of debt that we create, and that’s going through the roof. […] It’s going to be recalled at some point, so we’re going to have a debt crisis like we’ve seen in 2008.”
“When and if that happens, the amount of dollars that we have in circulation is going to drop. And if that happens, the purchasing power is going to drop as well, and the price of Bitcoin will also change. So yes, at some point in time I expect it to happen. But if we have the crisis in between, yes, of course, it’s going to be disastrous for the valuation of all assets in the US dollar.”
Bitcoin’s future under Trump
Van de Poppe also weighed in on the impact that United States President-elect Trump and his administration might have on Bitcoin. “I think people overrate the current elections, he told DeYoung. “In the long term, it doesn’t matter.”
“Bitcoin doesn’t care about governments, and it doesn’t care about policies.”
He argued that Trump’s approach to regulation would be great for Bitcoin in the short term, “at least if he does what he says.” However, the mid-term impacts could be “disastrous,” as he has stated he is determined to end inflation. Ultimately, regardless of who is in charge, Bitcoin will continue to offer the same value propositions it always has, van de Poppe said.
“I think in the short term, people overrate the elections. […] Just it doesn’t really make sense. It’s going to be the same outcome at the end of the day.”
To hear more from van de Poppe — including whether an altseason is on the way and his advice for both new and veteran traders alike — listen to the full episode of Decentralize with Cointelegraph on Cointelegraph’s podcast page, Spotify, Apple Podcasts or your podcast platform of choice. And don’t forget to check out Cointelegraph’s full lineup of other shows!
Magazine: DeFi and Ethereum are the ‘new narrative’: Michaël van de Poppe, X Hall of Flame
This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
Source link
You may like
The Trump Pump: A Road To Capture and Failure
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Crypto giants Arca and BlockTower merge into one crypto management leader
Dogecoin Co-Founder Reveals How To Make DOGE Deflationary
A Vision For Ethereum Final Design
Scaling Bitcoin Practically With Ark Labs
Altcoins
Dogecoin (DOGE) Leads Crypto Market Resurgence With Explosive Move As Traders Eye $1 Price Target
Published
1 day agoon
November 12, 2024By
adminDogecoin (DOGE) is in the middle of an explosive move, running more than 160% in less than a week as one of the main beneficiaries of the bounce in crypto markets.
DOGE is up 107% in the last week after adding $30 billion to its market cap in one day.
With DOGE gaining momentum, traders and analysts in the space are eyeing the top memecoin’s next move, focusing on the psychological $1 level.
Pseudonymous crypto trader Kaleo tells his 656,000 followers on the social media platform X that DOGE is now due for some chop and then a “flush” down, potentially below the $0.30 level before continuing higher.
“General PA (price action) here makes sense to me.
Chop under meme resistance (0.42069) for a minute, have one flush back down to high 20s / low 30s to shake out late longs and fomo (fear of missing out) top buyers, then continue to rip.”
Ultimately, Kaleo sees DOGE reaching the $1 mark, currently about a 170% rally.
“Roadmap to $1.00.”
Legendary commodities trader Peter Brandt recently accurately called DOGE’s breakout from an inverse head and shoulders (H&S) after breaking out of a channel. Brandt says a break of all-time highs – above $0.73 – is imminent.
“In Musk we Trust
DOGE confirms channel breakout with massive underlying price accumulation and new ATHs around the corner.”
Other veteran traders like the widely followed Bluntz have also called for $1 DOGE, saying that the crucial dollar level is “not the meme you think it is.”
Some analysts aren’t as confident in DOGE. Pseudonymous trader Donalt recently addressed his 595,000 followers on X warning that Dogecoin was a “coin of old” not likely to gain the attention of new retail market participants.
At time of writing, DOGE is trading at $0.37.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
Source link
Altcoins
Analyst Predicts Massive Rallies for Two Under-the-Radar Altcoins – Here Are His Targets
Published
2 days agoon
November 12, 2024By
adminA closely followed crypto strategist thinks two altcoins unseen by most traders are gearing up for huge upside bursts.
Analyst Ali Martinez tells his 78,600 followers on the social media platform X that he’s bullish on the native asset of the peer-to-peer file storage network Filecoin (FIL).
According to the analyst, FIL looks poised to rally to its range high after respecting its long-term support. Martinez also thinks that FIL could witness exponential rallies if it manages to overcome a crucial resistance level.
“Missed out on the $2.94 entry, but I’m still bullish on Filecoin FIL at this level.
The lower boundary has held strong for almost two years, setting us up for a potential rebound to $9.50 – a 145% gain. If we see a breakout above the upper boundary ($9.50), FIL could reach $30, delivering around 700% upside from here.”
At time of writing, FIL is worth $4.32, up over 7% in the past day.
The trader is also keeping an eye on NOT, the community token for the popular Telegram-based tap-to-earn mining game Notcoin. Martinez says he’s bullish on NOT after the altcoin shattered the diagonal resistance of a falling wedge structure – a bullish reversal pattern.
“Notcoin NOT broke out of the falling wedge, and its price is projected to increase 76% to $0.012!”
At time of writing, NOT is worth $0.0076.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Source link
Altcoins
‘Just Getting Started’ – Analyst Unveils Big Dogecoin Target, Sees ‘Crazy Bullish’ Chart for Ethereum-Based Coin
Published
2 days agoon
November 11, 2024By
adminAn analyst known as a “Master Trader” on the crypto exchange Bybit believes that furious rallies are in sight for the top memecoin Dogecoin (DOGE).
Pseudonymous analyst Bluntz tells his 287,200 followers on the social media platform X that DOGE looks incredibly bullish after breaking out from an Adam and Eve double-bottom pattern against Bitcoin (DOGE/BTC).
The bullish structure suggests that DOGE/BTC has printed a major bottom and is poised to start a new uptrend.
“Tried to warn you all.
Crazy to think this thing is still just getting started.”
A bullish DOGE/BTC chart suggests that Dogecoin is in a position to outpace Bitcoin’s gains.
Looking at DOGE against the US dollar, Bluntz believes that the altcoin has the fuel to skyrocket over 260% from current levels.
“If only someone had been banging the DOGE drum for some time now.
$1 is not the meme you think it is.”
At time of writing, Dogecoin is trading for $0.277, up over 27% in the past day.
Bluntz also has his radar locked on Ethena (ENA), a synthetic dollar protocol on Ethereum (ETH). According to the analyst, ENA is in the midst of a bullish reversal after breaking out from an inverse head-and-shoulders (IHS) pattern.
The breakout from the technical pattern suggests that ENA has fully entered bull territory.
Says Bluntz,
“ENA is a crazy bullish high timeframe chart, we see huge volume confirming the IHS breakout is real. BTC making all-time highs.
Setups like this feel like easy plays for multiple Xs.”
At time of writing, ENA is worth $0.55.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: DALLE3
Source link
The Trump Pump: A Road To Capture and Failure
How a $115M Crypto Fund With Big Ambitions Plans to Invest In Latin America
Crypto giants Arca and BlockTower merge into one crypto management leader
Dogecoin Co-Founder Reveals How To Make DOGE Deflationary
A Vision For Ethereum Final Design
Scaling Bitcoin Practically With Ark Labs
Solana price is falling, but shorting it is risky, crypto analyst says
Crypto Rebound or New Bull Run? Analyzing 4 Altcoins Performance
Bitcoin FOMO Starting To Peak As BTC Witnesses Massive Spike in Profit-Taking Transactions: Santiment
Bitcoin trading volume hits new all-time driven by retail demand
When and Where to Watch the XRP Documentary Live
XRP eyes $1 as TON shows phenomenal growth, Yeti Ouro dominates the P2E market
Metaplanet Discloses $28 Million Gain on Bitcoin Holdings, Stock Slides
Rare Indicator Hints $1 Dogecoin Price Is Inevitable In November?
Binance lists PNUT & ACT as prices soar – more low cap meme coin listings expected
182267361726451435
Top Crypto News Headlines of The Week
Why Did Trump Change His Mind on Bitcoin?
New U.S. president must bring clarity to crypto regulation, analyst says
Ethereum, Solana touch key levels as Bitcoin spikes
Bitcoin Open-Source Development Takes The Stage In Nashville
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential
Ethereum Crash A Buying Opportunity? This Whale Thinks So
Shiba Inu Price Slips 4% as 3500% Burn Rate Surge Fails to Halt Correction
‘Hamster Kombat’ Airdrop Delayed as Pre-Market Trading for Telegram Game Expands
Washington financial watchdog warns of scam involving fake crypto ‘professors’
Citigroup Executive Steps Down To Explore Crypto
Mostbet Güvenilir Mi – Casino Bonus 2024
Bitcoin flashes indicator that often precedes higher prices: CryptoQuant
Trending
- 2 months ago
182267361726451435
- 24/7 Cryptocurrency News3 months ago
Top Crypto News Headlines of The Week
- Donald Trump4 months ago
Why Did Trump Change His Mind on Bitcoin?
- News2 months ago
New U.S. president must bring clarity to crypto regulation, analyst says
- Bitcoin4 months ago
Ethereum, Solana touch key levels as Bitcoin spikes
- Opinion4 months ago
Bitcoin Open-Source Development Takes The Stage In Nashville
- Price analysis3 months ago
Will XRP Price Defend $0.5 Support If SEC Decides to Appeal?
- Bitcoin4 months ago
Bitcoin 20% Surge In 3 Weeks Teases Record-Breaking Potential