30s Summary

Trader Michaël van de Poppe thinks Bitcoin could hit $1 million within a few years if central banks continue their money-printing policies. However, he warns that the brewing debt crisis could decrease the value of all assets, including Bitcoin. He also discussed the impact of President-elect Trump on Bitcoin, suggesting that short-term, Trump’s approach to regulation could benefit Bitcoin, but long-term impacts are uncertain.

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Trader and investor Michaël van de Poppe is pretty certain that Bitcoin is back on the upswing and could hit up to $1 million for each Bitcoin in the next few years. But, he makes a point to caution everyone that if a massive debt crisis comes along, it could tank the value of all assets in short order, not just Bitcoin.

Van de Poppe chatted with Jonathan DeYoung on the show “Decentralize with Cointelegraph” when he was in Amsterdam for DKGcon 2024. They talked about where Bitcoin is headed, the possibility of an altseason, the impact of Trump, and a lot more.

A question that keeps coming up is whether Bitcoin could ever reach the talked-about $1 million price. Van de Poppe thinks it’s likely, especially if the money-printing policies of central banks carry on. But he warns investors to remember the huge amount of debt we’re accumulating. He believes that we’re setting up for a huge debt crisis, similar to the one in 2008. If that happens, the number of dollars in circulation will go down, as will their buying power. This could cause the price of Bitcoin to also go down.

Regarding the impact of then-President-elect Trump on Bitcoin, Van de Poppe thinks it’s not as big a deal as folks make it out to be. Bitcoin doesn’t care about governments and their policies. He thinks that, short term, Trump’s approach to regulation would be a good thing for Bitcoin, assuming he does what he says he will. But long-term impacts could be tricky, especially given Trump’s promise to end inflation. But no matter who’s in charge, Van de Poppe says Bitcoin will keep being Bitcoin.

For more from Van de Poppe, including if an altseason is coming and his advice for both new and seasoned traders, check out the full episode of “Decentralize with Cointelegraph” on Cointelegraph’s podcast page, Spotify, Apple Podcasts or wherever you get your podcasts.