Here's Why This Crypto Trader Sold All His Bitcoin For Cardano And XRP
The expert said that these altcoins would likely outperform Bitcoin in the future since crypto natives switched their altcoins for Bitcoin before the halving. Van de Poppe projected a spike in altcoins' Bitcoin pairings post-halving.
Back then, he predicted a narrative shift to Ethereum. Recently, he predicted a surge for Ethereum and other cryptocurrencies after the Spot Ethereum ETF announcement. He mentioned this again while discussing his intention to switch his Bitcoins and intimated that Ethereum will be crucial to any altcoin advance.
Everyone expects Spot Ethereum ETF applications to be refused by the SEC since the crypto currency is a security, Van de Poppe said. Thus, he feels the market is priced in and can only rebound from here, even if the SEC rejects the petitions.
If the news is marginally better than a rejection, the crypto expert said the markets might make a “significant U-turn”. He also mentioned additional factors that might prompt this action. The House will shortly vote on FIT21. This measure should clarify US digital asset regulations.
Van de Poppe also said that the SEC's action against Ripple is reaching a “final stage” and expects that the crypto business will likely win, which might bolster these cryptocurrencies.
He anticipates Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) to be “massive,” with established enterprises joining the Web3 ecosystem. So, Van de Poppe advised his followers to “allocate” themselves to “make a large return.”
Big Bet by Van De Poppe
Van de Poppe's switch from Bitcoin to cryptocurrencies is a means to a goal. The crypto specialist expects a 300% to 900% return on his investment in six to twelve months. Van de Poppe said he would return to Bitcoin after this time and anticipated a 300% to 600% return if Bitcoin stabilizes.
He advised against such a wager, saying he's losing 20% on his investment.
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