LIVEThe founder of MN Trading sold all the bitcoins and bet on altcoins
Analyst and founder of MN Trading Michael van de Poppe told why he sold all the accumulated first cryptocurrency and how he plans to sell the funds received.
Yes, I sold it. I haven't lost faith in Bitcoin, but I don't expect it to peak this cycle. I haven’t started to fully believe in gold,” he wrote.
Technically speaking, Van de Poppe "plans to bring back more digital gold later this year."
According to him, there is no denying the start of the current bull market. Several factors point to this: pension funds, insurance companies and the largest US hedge funds are allocating funds to a spot Bitcoin ETF, CME Group has announced the launch of a similar product, and options-based trading will soon “emerge, making the first cryptocurrency a mature global asset "
For an analyst, this means that the “simplicity” of the four-year cycle will decrease over time, as will the impact of the halving on the market:
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