{"id":200640,"date":"2023-11-25T21:03:10","date_gmt":"2023-11-25T15:33:10","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=200640"},"modified":"2023-11-25T21:03:10","modified_gmt":"2023-11-25T15:33:10","slug":"bitcoin-surging-by-up-to-960-this-bull-cycle-very-reasonable-says-michael-van-de-poppe-heres-his-outlook-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-surging-by-up-to-960-this-bull-cycle-very-reasonable-says-michael-van-de-poppe-heres-his-outlook-crypto-news\/","title":{"rendered":"Bitcoin Surging by up to 960% This Bull Cycle \u2018Very Reasonable\u2019, Says Micha\u00ebl van de Poppe \u2013 Here\u2019s His Outlook – Crypto News"},"content":{"rendered":"

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Crypto trader Micha\u00ebl van de Poppe is predicting a massive Bitcoin (BTC<\/a>) surge in the current bull market cycle.<\/p>\n

In a new strategy session, Van de Poppe tells<\/a> his 161,000 YouTube subscribers that based on previous bull market cycles and the laws of diminishing returns Bitcoin could explode 961% from its current value to as high as $400,000.<\/p>\n

\u201cI still believe that this bull cycle is going to be bigger than the previous bull cycle in the sense that we had diminishing returns. So Bitcoin did a 14x or 17x or anything in between because it came from $3,000, went to $69,000. It even did more. <\/em><\/p>\n

And then I think that diminishing returns doesn\u2019t mean that if in this cycle from 2015 to 2017, we did an 80x and in the second cycle here, we do a 20x, that we need to do a 5x after that. Because this [2019-2021] cycle was pushed downwards by Sam Bankman-Fried with FTX pushing down the price of Bitcoin during this period, and there were articles proving that point.<\/em><\/p>\n

Diminishing returns might also mean that from here [in early 2023 at $16,318], you do an 18x. You do a 20x, which means that if we go and we calculate the numbers, so we calculate the numbers [from 2019-2021] and we say, hey, the bear market has been done, we do a 21x. And from [2023 market cycle low], we\u2019re going to do 20x. <\/i><\/p>\n

It is very reasonable to state that Bitcoin might be going to $300,000 to $400,000 in this bull cycle, as I think that there are many new participants joining the markets, going to push the prices through which it is very likely that we\u2019re going to have a 2016-2017 type of cycle, and in this period altcoins will still do well.\u201d<\/i><\/p>\n

Source: Micha\u00ebl van de Poppe\/X<\/figcaption><\/figure>\n

Bitcoin is trading for $37,680 at time of writing.<\/p>\n