Cryptocurrency analyst Michael van de Poppe believes that thanks to Donald Trump Bitcoin will rise in price to $500,000, and эфириум – up to $20,000.
On January 23, the US President signed decree on digital assets, designed to create a national reserve of virtual currencies and form a working group that will work on optimizing measures to regulate the circulation of coins and tokens.
Bitcoin $500,000 each, эфириум at $20,000. The cycle has begun, wrote cryptoanalyst Michael Van de Poppe, who took the news positively.
If Michael’s prediction comes true, the price of Bitcoin will increase almost fivefold from its current value of $103,910, and the value of Ethereum, which is currently valued at $3,302, will increase sixfold.
However, one commentator rightly noted that a bearish double top pattern had formed on the Bitcoin price chart, signaling the end of the bullish trend that emerged after Trump’s victory in the November 2024 election.
In response to this message, Michael advised all people who hold such an opinion to sell their digital assets and never buy them again.
Double Top on Bitcoin Price Chart
Van de Poppe predicts a surge in the price of Bitcoin and Ethereum because the US government, which has the world’s largest economy, may start investing budget funds in cryptocurrencies and storing digital assets in the national reserve fund.
However, one of the most reliable indicators tracking the number of crypto whales also speaks in favor of the upcoming pump. According to Santiment, on January 22, the number of crypto wallets storing from 100 to 1,000 BTC worth from $10,4 million to $104 million at the current rate reached an all-time high of 15,777.
Changing the number of wallets that store from 100 to 1,000 bitcoins