Michael van de Poppe: Bitcoin will grow to $ 1 million

Renowned cryptocurrency analyst Michael van de Poppe has predicted that the leading cryptocurrency Bitcoin BTC $91,003.48 Bitcoin -0.45% Market capitalization $1.8 trillion VOL. 24 hours $2.22 billion will grow to $ 1 million per coin in the coming years.

The founder of MN Consultancy and MN Capital spoke about his predictions shortly before Bitcoin’s latest record growth.

According to the analyst, the recent growth of the cryptocurrency indicates a return to the bull market, although this cycle may extend until 2026.

Van de Poppe attributes Bitcoin’s long-term potential to the current central bank policy of printing money, but warns of the possibility of a debt crisis that could disrupt the upward trajectory.

«The level of debt is growing to unprecedented proportions,» he said,

The expert recalled the 2008 financial crisis as a cautionary example. Therefore, if the United States faces a similar crisis, the decrease in the availability of dollars for use may have a short-term impact on the value of Bitcoin.

The analyst also suggested that Trump’s anti-inflationary policies could create a favorable regulatory environment for Bitcoin in the short term.

He emphasized that tighter inflation control measures could negatively affect asset prices, including Bitcoin. However, the underlying value of the cryptocurrency remains unchanged regardless of the political situation.