Chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Crypto expert Micha\u00ebl 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 \u201ccrushed unreasonably hard.\u201d As such, he believes things can only improve from here on, noting that the \u201cupside (for these altcoins) can\u2019t be denied.\u201d\u00a0 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.\u00a0 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.\u00a0 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.\u00a0 The crypto analyst further claimed that the markets could make a \u201csignificant U-turn\u201d 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.\u00a0 Van de Poppe also noted that the SEC\u2019s lawsuit against Ripple is coming to a \u201cfinal stage\u201d and predicts that the crypto firm will likely secure a final victory, which could also help provide a major boost for these altcoins.\u00a0 Meanwhile, he expects that Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) will be \u201cmassive,\u201d with traditional companies transitioning into the Web3 ecosystem. As such, Van de Poppe urged his followers to \u201callocate\u201d themselves if they wanted to \u201cmake a large return.\u201d Van De Poppe\u2019s Big Bet It is worth noting that Van de Poppe\u2019s decision to swap his Bitcoins for altcoins isn\u2019t 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 \u2013 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.\u00a0 However, Van de Poppe added that he is fine with whatever the outcome of his investment is. Again, he reaffirmed that he is \u201chappily allocating\u201d his entire capital towards altcoins and concluded by stating that the bull cycle will be \u201cglorious.\u201d Chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":608787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,6664,26263,14690,89756,8899,92324],"class_list":["post-608786","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-crypto-trader","tag-trader","tag-trader-news"],"acf":[],"yoast_head":"\n
This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Here\u2019s Why<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n