Michael van de Poppe, a popular cryptocurrency trader and analyst, explained in a statement that he will invest $1,000 in cryptocurrencies and how he will maximize profits by the end of the 2024 US Presidential Election, also called the “Bitcoin election” by billionaire Balaji Srinivasan.
Cryptocurrency analyst explains which altcoins to invest in
Van de Poppe suggested that he would invest $300 in Bitcoin and $300 in Ethereum. He also said that he will invest $150 in Chainlink and $250 in Cosmos. The analyst expects Bitcoin to reach a value between $400,000 and $450,000 over a 10-year period. “Considering that the current value of the crypto market is $1 trillion, 10 to 15 times growth is still possible. This shows that the value of Bitcoin can increase from $ 50 thousand to somewhere between $ 400 thousand and $ 450 thousand. ” said. When asked about his Chainlink preference, Van de Poppe explained:
When you look at the entire crypto ecosystem, you see that Ethereum has already passed many tests. And if you want to create a decentralized financial world, you need data. This is why you need oracles to provide you with data.
According to Van de Poppe, Chainlink “offers a direct bet on valuation,” as the largest oracle network on the market. Regarding the choice of Cosmos, van de Poppe said that it is a competitor to Ethereum and also zero layer with its SDK solution. Van de Poppe said he believes in the importance of a diversified investment portfolio.
Risk management plan critical
In a boring and volatile market, traders need to adjust their strategy. It is important to have a solid risk management plan, diversify, and avoid doing everything in one transaction,” he said.
Look for opportunities in smaller timeframes and be patient for good setups to emerge. It is important to remain disciplined and not force decisions. Even in a slow market, there are still opportunities to make money.
At the time of writing, BTC was trading at $24,800, down 0.14 percent in the last 24 hours. Veteran analyst van de Poppe is known for his successful predictions on Bitcoin and other cryptocurrencies.
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