Crypto trader Michaël van de Poppe predicted a huge increase for the leading cryptocurrency.
Addressing 161,000 YouTube subscribers, Poppe suggested that based on past bull market cycles, Bitcoin could rise 961 percent from its current value to $400,000.
The trader claimed that it is very logical to say that Bitcoin value will lie somewhere between $300,000 and $400,000 in the coming bull cycle. According to him, many participants who want to enter the markets are currently waiting.
Van de Poppe pointed out that there was a cycle similar to 2016-2017 and predicted that altcoins would perform well during this period.