The analyst predicted the growth of the cost of Bitcoin to $500,000

Popular cryptocurrency analyst Mikael van de Poppe spoke about his long-term forecast for Bitcoin. The expert noted that despite the increased interest in altcoins, he is confident that the flagship cryptocurrency will seriously grow in value in the coming years.

The expert noted that his expectations are based primarily on the fundamental analysis of the crypto asset. The specialist emphasized that now he has no doubt that the price of digital gold will reach $500,000. However, due to the difficult geopolitical situation, it is very difficult to determine the exact time frame in which this will happen. Perhaps it will take 2 years, and probably 5 or 10 years.

Van de Poppe assured his readers that such expectations are due to the fact that now more and more large companies are turning their attention to the cryptocurrency market. There was interest from institutional investors. This correlates with the development of several industries at once, closely related to cryptocurrencies.

Now much attention is paid to blockchain technology. The decentralized finance (DeFi) sector has also gained immense popularity. Among other things, people keep a close eye on the Non-Fungible Token (NFT) industry and the Metaverse.

All these industries are closely linked and promise further growth for the entire sector. Van de Poppe is sure that in 2022 there will be a real boom, and the rate of the flagship cryptocurrency will reach a new historical maximum, and then go to conquer heights.

Earlier edition informed that renowned market analyst van de Poppe stated his expectations for several altcoins. He assured that he pays close attention to assets such as Ripple and Litecoin. In his opinion, they have been significantly oversold in recent weeks and should seriously increase in value.

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