Famous cryptocurrency trader and analyst Michaël van de Poppe expressed his confidence in the future of altcoins, despite the current market downturn. He reported that his portfolio has dropped in value by 60%, but the expert considers this a temporary phenomenon. According to the expert, such moments do not signify the beginning of a bear market — on the contrary, this is where bull cycles begin.
Van de Poppe emphasized that the cryptocurrency asset industry remains one of the few places where returns are possible that can radically change an investor's financial situation. He noted that for those who already have significant capital, it is wise to reduce risks and diversify investments. But for those looking for opportunities to make a significant leap, altcoins remain the best choice.
The analyst explained that he does not expect a repeat of the mass growth of all alternative cryptocurrencies, as in 2017. In his opinion, only certain 'blue chips' will shoot up in the new cycle. He also noted that the market downturn of almost all altcoins was excessive and irrational, and the current devaluation creates strong entry opportunities.
According to van de Poppe, the current phase in the market coincides with the upcoming liquidity expansion, a decrease in interest in gold, and an upward reversal of the CNH/USD currency pair. All of this, in his opinion, will ultimately lead to a change in the situation in ETH/BTC and subsequent growth in altcoin quotes. The expert reminded that historically, after such periods, the relative strength index of ETH/BTC has rebounded upwards, and market valuations have significantly increased over the course of a year.
The analyst admitted that he could have chosen a different time to buy altcoins, but he is confident that the potential returns will far outweigh the current losses. He added that he observes a repetition of past cycles and again sees an incorrect mass assessment of the market state. In his opinion, this traditionally creates favorable entry points for patient investors.