Michael van de Poppe: BTC will reach $ 600,000 in 2025

Popular cryptocurrency analyst Michael van de Poppe said that bitcoin BTC $94,638.28 Bitcoin -2.79% Market capitalization $1.87 trillion VOL. 24 hours $1.76 billion is in a «perfect storm,» which could lead to a significant increase in its rate. The expert predicts that by the end of 2024, the market leader may reach $ 192,000, and in 2025 — even $ 600,000. This rapid growth is due to the weakening of the US labor market and the growing distrust of traditional financial institutions.

According to De Poppe, social tensions in the world, as well as the US Federal Reserve’s interest rate cut, will help boost investor confidence in cryptocurrencies. In addition, central banks are forced to increase liquidity to stimulate the economy, which will also contribute to the growth of gold and bitcoin prices.

The expert is confident that the Chinese government’s actions aimed at increasing liquidity after the economic downturn, along with the need to reduce interest rates in the United States, create a powerful catalyst for the long-term growth of the crypto market. This makes the current situation extremely favorable for bitcoin.

Earlier, Marcus Thielen, CEO of 10x Research, noted that one of the important factors behind bitcoin’s growth could be the Chinese government’s $ 278 billion economic measures aimed at stimulating the economy. Thus, the growth of liquidity in the global economy and increased confidence in cryptocurrencies may become key factors in the rapid increase in the value of bitcoin in the coming years.