Crypto trader and blogger Michael van de Poppe (720 thousand subscribers in X) is again campaigning for the purchase of altcoins.

Let us remember that on May 17, he published a long read stating that he sold all his BTC and bought altcoins. We did an interesting read with excerpts from his author’s view of the situation back then.

This time, in another big post, he writes that “the market is the last chance to buy altcoins super cheap.” 

A few excerpts from another longread:

“It's been a weird bull market. Solana is doing great, Bitcoin rose to record highs before the halving and after the launch of the spot ETF, but altcoins have gone quiet since then. Is a reversal expected for altcoins? It is very likely that this is so...

… I think now is the right time to take more risks with everything that is happening in the world. The ECB has just announced rate cuts and it is highly likely that the Fed will do the same in the coming months in the US, which will mean that liquidity will be increased as quantitative easing begins. Additionally, the Ethereum ETF has been approved but not yet listed. This means we are in a vacuum of no price action as the 19B-4 files have been approved but the S-1 files have not yet been approved. This essentially means that the Ethereum ETF will not be listed until approval is received. If we go back in time, the approval of a spot Bitcoin ETF did not result in positive price action at all. In fact, the approval of the Bitcoin ETF (Files 19B-4) resulted in a 20% correction across the board. After the S-1 was approved and trading began on the exchanges, there was an actual jump up from $40,000 to $73,000...

…the listing of the spot Bitcoin ETF marked a peak in terms of altcoin price action. The listing of the Ethereum ETF could be a reversal and the complete opposite in terms of price action. What if this is a “Sell the Rumor, Buy the News” event for altcoins? The listing of the Ethereum ETF is confirmation that there is more than just Bitcoin and confirmation that altcoins do exist. Well, if we add it up, we can say that a re-pricing needs to be done. 

From a relatively simple perspective, Bitcoin is currently at an all-time high while Ethereum is still down 20-30% from its 2021 high. If we discuss other altcoins, they have mostly fallen by 50-80%, their all-time highs are also reached in 2021...”

Separately, Michael van de Poppe emphasized that he focused his attention on altcoins that “did not move at all.”