Michael van der Poppe, an Amsterdam-based cryptocurrency trader and analyst, has taken to social media app X to convey an important message to the cryptocurrency community.
Poppe wrote that he believes sentiment in the market is beginning to change “slowly but surely.” The analyst believes that, little by little, the entire world is starting to get the idea that “cryptocurrencies are the next big thing.”
Currently, Poppe says, “we are in the early stages of a massive bull cycle,” and he believes it will also have a fundamental global impact.
As if to confirm its thesis, cryptocurrency exchange Bitfinex has just tweeted that financial institutions around the world are becoming increasingly involved with cryptocurrencies, while short-term investors are selling their cryptocurrencies to lock in profits.
Bitcoin price performance recently
Over the past week, the global flagship cryptocurrency, Bitcoin, has shown encouraging performance. Since last Sunday, BTC has risen by a staggering 16.43%, jumping from $29,773 to the $34,665 level, where Bitcoin is exchanging hands at the moment.
Thus, in just one week, Bitcoin has managed to add $4,892 to the joy of investors and traders.
As previously reported, a prominent pseudonymous analyst famous on social media platform Buy and Hold'”. ‘model for Bitcoin.”
This statement also takes into account the upcoming Bitcoin halving, which is expected to occur in April-May 2024. This time, as always happens in these types of events, miners’ rewards will be halved, which will ensure a decrease in the number of “newly minted” Bitcoins injected into the crypto market.
