Famous Cryptocurrency Trader Annoyed: “I Sold All My Bitcoins”

Popular analyst and trader Michaël van de Poppe announced that he sold all his Bitcoins (BTC) and bought altcoins.

In his X post dated May 16, Michaël van de Poppe announced that he sold all his Bitcoins. Poppe, who does not deny that the cryptocurrency market is in a bull cycle, noted that he aims to buy more Bitcoin than he sells in the coming period.

The analyst continued his statement by stating that Bitcoin will not peak in this cycle and that he has not lost his faith in the long term. However, he emphasized that he is currently selling high and will buy back at lower levels, anticipating that the price will drop further.

Why did he turn to altcoins?

Stating that altcoins have been crushed senselessly against Bitcoin and that the Bitcoin parity of most altcoins has reached very low levels, the analyst said that an inevitable rise is at the door.

On the other hand, he noted that if the Ripple (XRP) case has a positive outcome, the market may experience FOMO with this clarity.

He predicted that even if the Bitcoin price did not fall, he could increase the amount of Bitcoin in his possession thanks to the appreciation of altcoins against Bitcoin. Poppe included DePIN and RWA among the altcoin categories where you expect the most rise:

From this perspective, I think altcoins are being crushed unreasonably hard. The increase is undeniable. DePIN and RWA will be huge, more and more traditional companies are migrating to the Web 3.0 ecosystem. If you want to get a big return, it's time to dedicate yourself to it. So this cycle is relatively the last easy cycle to make a lot of money from altcoins. I gladly take this bet and risk. I invest entirely in altcoins with peace of mind.