Here's why a crypto trader sold all his Bitcoin for Cardano and XRP.
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The expert believes these altcoins will outperform Bitcoin in the future, as many crypto investors have already switched their altcoins for Bitcoin ahead of the halving. Van de Poppe anticipates a rise in altcoins' Bitcoin pairings post-halving. Previously, he predicted a shift in focus to Ethereum and now foresees a surge for Ethereum and other cryptocurrencies following the announcement of a Spot Ethereum ETF.
Van de Poppe expects the SEC to reject Spot Ethereum ETF applications, labeling the cryptocurrency as a security. He believes the market has already factored in this expectation, suggesting it can only rebound from here. If the SEC's decision is even slightly better than a rejection, the market might make a significant turnaround. He also cited other factors that could influence this decision, such as the upcoming House vote on FIT21, which aims to clarify US digital asset regulations.
Van de Poppe also mentioned that the SEC's case against Ripple is nearing its final stage, and he expects a favorable outcome for the crypto company, which could boost these cryptocurrencies. Additionally, he sees significant potential in Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA), predicting they will become massive as established enterprises join the Web3 ecosystem. He advised his followers to allocate their investments accordingly for substantial returns.
Big Bet by Van De Poppe
Van de Poppe's move from Bitcoin to altcoins is strategic. He expects a 300% to 900% return on his investment within six to twelve months. After this period, he plans to revert to Bitcoin, anticipating a 300% to 600% return if Bitcoin stabilizes. However, he cautioned against making such a bet lightly, noting he is currently down 20% on his investment.
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