cryptocurrency analyst Michaël van de Poppe said in his statement: Bitcoin and commented on the cryptocurrency world in general.

Referring to the European Central Bank’s recently published article claiming that Bitcoin has failed as a global decentralized digital currency, van de Poppe said that these statements stem from the institution’s fear of BTC.

In addition, he reminded that the Euro had lost 30% of its purchasing power throughout its 24-year history and claimed that people escaped from the Euro and took shelter in Bitcoin.

The analyst also touched upon the altcoin world. Pointing out that the total market value of cryptocurrencies other than Bitcoin and Ethereum is still 50% lower than the all-time high, the analyst said that these assets still have momentum potential. In addition, he pointed to the second quarter of 2024 for this potential.

The analyst, who published an analysis of the Bitcoin price before the halving, argued that the price of the asset before this event, which represents one of the most important events in BTC history, will see a peak between $ 54,000 and $ 58,000.

However, he suggested that the corporate cycle we are in will put Bitcoin in a major adaptation wave and price levels of $ 300,000 to $ 600,000 per BTC may be seen.

*This is not investment advice.

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