-Popular Analyst Makes Cryptocurrency-Commodity Analogy: Such a Bottom Has Never Been Seen!-
Popular cryptocurrency analyst Michaël van de Poppe made headlines with his comments on cryptocurrencies and the commodity market.
Michaël van de Poppe made a comparison between the cryptocurrency market and the commodity market in his Twitter post dated September 15.
In his statement on Twitter, analyst Poppe emphasized that the current valuations of commodities and cryptocurrencies are similar to the levels in 1971 and 2000.
The analyst stated that commodities and crypto assets in particular are extremely low, and said that it is likely that commodities will enter a long-term bull market in the next 10 years:
The last time we saw these valuations in commodities was in 1971 and 2000. Commodities and cryptocurrencies are extremely undervalued, and it is likely that commodities will enter a long-term bull market in the next 10 years. I expect a lot of growth from these two asset classes.
In line with these evaluations, Van de Poppe stated that he expects a serious increase in both asset classes.
Van de Poppe's statements created an optimistic atmosphere among investors regarding commodities and cryptocurrencies, and led to comments that they offer significant opportunities for long-term investments.
