A closely followed crypto market analyst has declared his belief that Bitcoin (BTC) is entering an unprecedented period and is now ready for a 12-fold rally. Popular crypto analyst Michael van de Poppe told his social media followers that the exchange-traded funds (ETFs) for Bitcoin signal the start of Bitcoin’s institutional cycle.
Analyst Makes Critical Claim About Bitcoin
Van de Poppe claims that with trillion-dollar asset managers like BlackRock and Franklin Templeton entering through BTC ETFs, Bitcoin is now in “bubble” mode and stated the following:
The recently approved spot Bitcoin ETF has a significant impact on the markets that is not yet priced in. The ETFs attracted massive interest in the first few weeks with several billion dollars flowing in. More importantly, the combination of being a potential hedge against the US dollar is an argument that many institutions will use to adopt an investment-based approach to owning Bitcoin. In this respect, the ETF enables a bull cycle that we may not see for a long time.
The analyst also mentioned that macroeconomic factors are conspiring to push Bitcoin to even higher levels:
There is an existential inflation risk causing a significant shift towards Bitcoin and crypto as a whole in third-world countries, but also a slow, gradual fear surrounding the debt levels of the US government and the potential failure of the financial system there.
Global Adoption of Bitcoin
In the face of rising US national debt and global inflation levels, Van de Poppe indicates that Bitcoin and the entire crypto market are about to enter a “crypto dot-com bubble”. He describes it as a cycle where the world realizes that Bitcoin and crypto are the asset class of the future. According to the analyst, the global adoption of Bitcoin could ignite a meteoric rally for BTC and push its value well over half a million dollars. He also added:
We might reach a peak of $250,000 or even $600,000… I think you should discard theories and expect the markets to go much higher than you currently think, as markets always behave this way… In the most likely scenario, we will reach the peak in the 3rd or 4th quarter of 2025, but if liquidity remains, it would make sense to suggest that this bull cycle could last longer, possibly into 2026 or 2027.
At the time of writing, Bitcoin was valued at $49,823, with an increase of over 3% in the last 24 hours.
