April 8, 2024 4:26 PM | 2 min read |
Cryptocurrency analyst Michael Van De Poppe shared a video with his “plan to make millions in crypto in 2024,” emphasizing the importance of strategic portfolio management.
What Happened: In the video, Van De Poppe emphasizes picking promising altcoins, rotating gains into other altcoins or Bitcoin (CRYPTO: BTC), and holding Bitcoin until the cycle’s end.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you’ll also get Benzinga’s ultimate morning update AND a free $30 gift card and more!
Van de Poppe compared the current cryptocurrency market patterns to those observed during the previous Bitcoin halving cycle.
He suggests the possibility of a correction in Bitcoin’s price after the recent rally, potentially dropping below $60,000 before continuing its upward trend. The video (see below) also highlights the typical rotation from Bitcoin to altcoins during the post-halving period, leading to massive returns for altcoins.
While the returns in the current cycle have been higher, the overall market pattern remains similar to previous cycles. Van de Poppe also discusses the potential for Ethereum (CRYPTO: ETH) to reach 10,000 by 2030.
He stresses that the best financial opportunities arise when there is low conviction and interest in an asset, even though social media may discourage investing at that point.
Conversely, when everyone is hyping an asset like Solana (CRYPTO: SOL) or meme tokens, it’s likely a poor time to invest. The key is to take risks when there is no interest and reduce risk when there is excessive hype.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
The real returns come from properly scaling out of the market and compounding Bitcoin gains over multiple cycles
Read Also: What’s Going On With ‘Dogecoin Killer’ Shiba Inu?
Why It Matters: Van De Poppe’s strategies for investing in cryptocurrencies and altcoins during different market cycles provide valuable insights for investors.
He advises against chasing small, risky altcoins and suggests focusing on a concentrated portfolio of 8-10 altcoins for efficient management. The goal is to achieve a 300% to 400% return on these altcoins, which combined with the expected appreciation of Bitcoin and Ethereum, could potentially lead to a ten-fold portfolio growth.
Van De Poppe’ recently identified a list of top 10 altcoins offering significant buying opportunities amid a market dip.
What’s Next: The influence of meme coins and Bitcoin as an institutional asset class are topics expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19.
Read Next: Donald Trump Lost Over $3 Million In Crypto Last Month, MAGA Coin Down 61%
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Image: Shutterstock
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Read More: Crypto Analyst Michael Van De Poppe Shares ‘Plan To Make Millions In Crypto’ Throughout
Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
