Experienced Analyst Reveals He Lost 60% of His Entire Asset in Altcoins, Shared What He Will Do Next!

Michaël van de Poppe, one of the well-known analysts in the cryptocurrency markets, shared a very candid explanation with investors in his latest video posted on his YouTube channel.

Van de Poppe stated that he directed all his investments to altcoins in the summer of 2024, but this strategy did not yield the expected results, and his portfolio has currently lost 60% of its value:

"I directed my entire portfolio to altcoins in the summer of 2024. This move was a bit early. My portfolio is currently down about 60%. My $110,000 investment is now worth $36,500."

Reminding that he has experienced similar losses in previous cycles, Van de Poppe claimed that his portfolio dropped by 80% in the previous bear market, but then experienced a 10,000% increase.

Stating that the value losses in altcoins are not unique to crypto, Van de Poppe mentioned that macroeconomic developments have also been influential in these declines, noting that developments such as the weakening of the Chinese yuan (renminbi) against the dollar have increased the pressure on risky assets.

Additionally, the analyst mentioned that current market interest is at its lowest levels in the last three years, describing this situation as a "clear indicator of a bear market":

"Interest in crypto has dropped to levels seen in August 2023. This means the lowest interest in the last 2.5 years."

Although the current picture seems grim, Van de Poppe argued that this environment also offers great opportunities. The analyst stated that he plans to maintain his strategy and rebuild a strong portfolio in the upcoming 6 to 12 months.