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Crypto expert Michaël van de Poppe recently revealed that he had sold all his Bitcoin and rotated his capital to altcoins. The analyst explained the reason for this move and remarked that he was doing this to acquire more of the flagship crypto later on. Why This Analyst Swapped His Bitcoin For Altcoins In an X (formerly Twitter) post, Van de Poppe explained that altcoins have been “crushed unreasonably hard.” As such, he believes things can only improve from here on, noting that the “upside (for these altcoins) can’t be denied.” Related Reading: Crypto Analysts Reveal Sub-$1 Altcoins Set To Outperform In The Bull Run Based on his explanation, the analyst suggested that these altcoins will likely outperform Bitcoin from here on as the flagship crypto already had its moment before the halving when crypto natives swapped their altcoins for Bitcoin. Before now, Van de Poppe had already predicted that altcoins would make a bounce in their Bitcoin pairs post-halving. He also mentioned back then that there would be a narrative shift to Ethereum. More recently, he indicated that the news around the Spot Ethereum ETF would trigger a rally for Ethereum and other altcoins. While explaining his decision to swap his Bitcoins, he again touched on this and hinted that Ethereum would be integral to any move these altcoins make. Van de Poppe claimed everyone expects the worst, that the Spot Ethereum ETF applications will be denied because the SEC considers the crypto token a security. Therefore, he believes the market is already priced in accordingly and can only recover from here on, even if the SEC eventually rejects the applications. The crypto analyst further claimed that the markets could make a “significant U-turn” if the news ends up being slightly better than a rejection. He also highlighted other developments that could help trigger this move. One is the FIT21 bill, which the House will soon vote on. This bill is expected to provide regulatory clarity for digital assets in the United States. Van de Poppe also noted that the SEC’s lawsuit against Ripple is coming to a “final stage” and predicts that the crypto firm will likely secure a final victory, which could also help provide a major boost for these altcoins. Meanwhile, he expects that Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) will be “massive,” with traditional companies transitioning into the Web3 ecosystem. As such, Van de Poppe urged his followers to “allocate” themselves if they wanted to “make a large return.” Van De Poppe’s Big Bet It is worth noting that Van de Poppe’s decision to swap his Bitcoins for altcoins isn’t an end in itself but a means to an end. The crypto expert hopes to make a return of 300% to 900% on his investment in the coming six to twelve months. Van de Poppe hinted that he would rotate his capital back to Bitcoin after this period and predicted that he could make another 300% to 600% return on his investment as long as Bitcoin stabilizes. Related Reading: Crypto Expert Willy Woo Predicts Bitcoin Has Room To Run – Here Are The Drivers He warned of the risk of taking such a bet, revealing that he is currently down around 20% on his overall investment. He also remarked that he could still post more losses on his investment, considering these altcoins could still experience further declines from their current price levels. However, Van de Poppe added that he is fine with whatever the outcome of his investment is. Again, he reaffirmed that he is “happily allocating” his entire capital towards altcoins and concluded by stating that the bull cycle will be “glorious.” Chart from Tradingview.com

This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here’s Why

Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has amassed 414 insitutional holders in less than three months, according to filings with the U.S. Securities and Exchange Commission (SEC). A senior Bloomberg analyst described this achievement as “mind-boggling” and “highly rare” for new ETFs. Other recently launched ETFs have significantly fewer institutional

Blackrock Bitcoin ETF Attracts 414 Institutional Holders — Analyst Says IBIT ‘Blows Away Record’

Bitcoin reaches $67,000, signaling market recovery. XRP and DOGE show potential for significant price movements. Continue Reading: Bitcoin Reaches $67,000 and Signals Market Recovery

Bitcoin Reaches $67,000 and Signals Market Recovery

Toncoin (TON) has seen outflows in the last 24 hours after recording huge gains in recent months. The native utility token of The Open Network is down 3.28% today and over 5% this week. The weekly liquidation for the asset comes amid positive inflows across the cryptocurrency market. The crypto market has recorded positive sentiments The post Toncoin Faces Weekly Liquidations: Here’s Why appeared first on CoinGape .

Toncoin Faces Weekly Liquidations: Here’s Why

Bitcoin which has been moving downward for a while now has managed to break above its previous resistance level of $67,303.98 and has been showing signs of a potential rally ever since. At the time of writing, the price of BTC is up by 0.04%, and it is currently trading at around $67,303.98. BTC’s price

Bitcoin Breakout From Major Resistance Levels Signals Bullish Momentum

More on the Crypto Market Coinbase: My Pick To Take Advantage Of The Crypto Upswing Bitcoin: Recovery Attempt Fails, Summer Doldrums Loom (Technical Analysis) Coinbase Outage Is Incredibly Bullish Coinbase stock slides after report of CME planning to launch bitcoin trading Coinbase Global raised to Neutral at BofA on crypto market, diversification

Crypto trading volume drops for first time in seven months in April - report

BlockDAG’s Development (Dev) Release 29 heralds the introduction of the RandomX protocol, a significant advancement in the mining sphere with its CPU-centric, ASIC-resistant technology. This innovation ensures fair mining practices and enhances security with sophisticated cryptographic measures. In tandem with this technological leap, BlockDAG‘s presale continues to thrive, with the latest batch pushing the coin The post BlockDAG’s Dev Release 29 Launched: Redefining Blockchain Security With RandomX Protocol Amidst 5700 Miner Sales appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

BlockDAG’s Dev Release 29 Launched: Redefining Blockchain Security With RandomX Protocol Amidst 5700 Miner Sales

The reduced demand for the Bitcoin network post-halving has led to a significant drop in its fees.

Bitcoin fees hit 3-month low: A $12M drop, explained

The head of blockchain analytics platform CryptoQuant thinks Bitcoin (BTC) is only halfway through its current bull cycle. Ki Young Ju tells his 346,000 followers on the social media platform X that BTC’s market cap is growing faster than its realized cap, a trend he says tends to last around two years. The realized cap The post CryptoQuant CEO Maps Out Path Forward for Bitcoin Bull Cycle – Here’s When He Thinks It Will End appeared first on The Daily Hodl .

CryptoQuant CEO Maps Out Path Forward for Bitcoin Bull Cycle – Here’s When He Thinks It Will End

Many cryptocurrency investors are becoming more optimistic about RCO Finance (RCOF) amidst rumors of an impending bull run. These individuals are betting their money on its presale tokens to invest early in a potential game-changer. Not to mention, Bitcon’s (BTC) recent performance also appears to drive the next bull run

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