Trader Michael van de Poppe has stated that Bitcoin 
$91,606 has officially returned to a bull market and could reach $1 million per BTC in the coming years.
Bitcoin Price Targets
In an exclusive interview at DKGcon 2024 in Amsterdam, van de Poppe discussed Bitcoin’s status in the bull market and potential future developments. He indicated that reaching new peaks for Bitcoin is probable if central banks continue their money printing policies.
Van de Poppe noted that investors are not paying enough attention to the growing amount of debt. He warned of a potential crisis similar to the 2008 debt crisis, suggesting that a reduction in circulating dollars could lower purchasing power, thereby impacting Bitcoin prices.
“When the amount of dollars in circulation decreases, purchasing power will drop, and Bitcoin prices will change as a result. I expect this to happen at some point. If a crisis occurs, it will be disastrous for all assets in USD.” – van de Poppe
Impact of Trump’s Administration on Bitcoin
Van de Poppe also evaluated the potential effects of presidential candidate Donald Trump and his administration on Bitcoin. He stated that Trump’s long-term impact would be limited, emphasizing Bitcoin’s independence from government influence and policies.
“Bitcoin does not care about governments or policies. In the short term, Trump’s approach to regulation may be positive for Bitcoin, but in the medium term, efforts to curb inflation could yield disastrous results.” – van de Poppe
Van de Poppe asserted that the value propositions offered by Bitcoin will persist, regardless of who is in power. He also noted that the altcoin market may begin to show activity soon.
Current Situation
The potential rise of Bitcoin presents significant opportunities for investors during a period of economic uncertainty. The risk of a debt crisis, as warned by van de Poppe, emerges as a crucial factor for investors to consider. The future of Bitcoin and other cryptocurrencies seems poised to evolve alongside global economic developments, with BTC reaching a new all-time high of $86,650 at the time of writing.
