Michaël van de Poppe posted his thoughts on where Bitcoin’s price could go in this bull cycle and how high it may peak, asking: “Bitcoin to $200,000 or $500,000 in this bull cycle?” He notes that this is an institutional cycle with an influx of money the markets haven’t seen before, as shown by the recent interest and inflows into the Bitcoin ETF. He explores several key topics:
Diminishing Returns
Van de Poppe notes that some argue Bitcoin will have diminishing returns each cycle, meaning lower percentage gains. However, he sees flaws in this theory:
- Bitcoin could still rise 1,900% this cycle to $300,000
- Technological innovations like Bitcoin tend to grow more over time
- We don’t know how high Bitcoin would have gone last cycle without exchange interference
The 4-Year Cycle
The Bitcoin halving has impacted price cycles in the past. But van de Poppe argues macroeconomic factors now play a bigger role driving institutional investment. The upcoming halving will still have a major impact.
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Show more +Institutional Money Flows In
The recent Bitcoin ETF approval allows billions of institutional dollars to flow in. This is not priced in yet and enables the final “easy bubble” cycle where crypto goes mainstream.
Bitcoin’s Future
Institutions are buying Bitcoin as a hedge against inflation and financial system risks, not because they believe in it ideologically. Van de Poppe expects a peak between $250,000-$600,000 in 2025-2027 before a crash. He advises making as much Bitcoin as possible this cycle.
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