A widely followed analyst believes that a 12x rally is now on the table for Bitcoin (BTC) as the crypto king enters an era never before seen in its history.
Crypto strategist Michaël van de Poppe told his 693,000 followers on social media platform X that Bitcoin exchange-traded funds (ETFs) marked the dawn of the institutional BTC cycle.
Van de Poppe claims that Bitcoin is now in “easy bubble” mode with the entry of billion-dollar asset managers like BlackRock and Franklin Templeton via BTC ETFs.
“The Bitcoin spot ETF, which was recently approved, has an impact of considerable magnitude on the markets, which is not being taken into account.
Great interest was shown in the first few weeks as a few billion dollars were invested in ETFs.
More importantly, the combination of a potential hedge against the US dollar (for multiple reasons) is an argument that many institutions will use to take an investment-based approach to acquiring Bitcoin. In this regard, the ETF has enabled a bull cycle that we will not see for a long time.
The trader also claims that macroeconomic factors appear to be conspiring to push Bitcoin to even greater heights.
“There is currently an existential risk of inflation in third world countries, leading to a massive influx into Bitcoin and crypto as a whole, but there is also a slow and gradual increase in fear regarding the levels of U.S. government debt and the potential failure of the U.S. government. financial system there.
Against the backdrop of the growing US national debt and skyrocketing inflation levels across the world, Van de Poppe believes that Bitcoin and the entire digital asset market are poised to head towards a “crypto Internet bubble”. He describes the bubble as a cycle in which the whole world understands that Bitcoin and crypto are the asset class of the future.
According to the analyst, global adoption of Bitcoin could spark a meteoric rally for BTC and send the crypto king well over half a million dollars.
“We might peak at $250,000 or $600,000…
I think you should erase the theories and expect the markets to go much higher than you currently think, because that’s always how markets move…
In the most likely scenario, in the third and fourth quarter of 2025 we will peak, but if liquidity remains valid it might be reasonable to suggest that this up cycle will last longer until 2026 or 2027.”
At the time of writing, Bitcoin is worth $49,823, up more than 3% in the last 24 hours.
Don’t miss a thing – Subscribe to receive email alerts straight to your inbox
Check Price Action
follow us on TwitterFacebook and Telegram
Surf the daily Hodl mix
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should conduct due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and transactions are at your own risk and any losses you may incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3