Key Factors Influencing Bitcoin’s Value in 2023: Insight from Top Trader Michaël van de Poppe

15 views 9:52 am 0 Comments June 28, 2023

Cointelegraph’s Crypto Trading Secrets podcast has recently aired its 10th episode, featuring an enlightening conversation with renowned trader Michaël van de Poppe. Van de Poppe, known for his trading insights, shares his knowledge with over 650,000 followers on Twitter through his handle @CryptoMichNL.

During the recording on June 14, host Benjamin Pirus discussed a range of subjects with van de Poppe, delving into his perspective on the elements that could potentially influence the trajectory of Bitcoin (BTC), currently valued at $30,605, for the remainder of 2023. Notably, van de Poppe identified U.S. regulations as a significant determinant.

Van de Poppe suggested that clarity on the regulatory framework within the U.S. – particularly whether cryptocurrencies will be recognized as securities or commodities – could impact market dynamics. “That’s going to push markets,” he stated. He emphasized that such a framework would pave the way for more institutional investors, thus bolstering the market.

While discussing various regions’ approach to cryptocurrency regulations, van de Poppe pointed out the Markets in Crypto-Assets (MiCA) regulatory framework approved by the European Union in late May. He postulated that as more clarity emerges from the U.S. regulation scenario, it could be advantageous for the markets, instigating more liquidity.

Besides regulatory factors, van de Poppe also mentioned macroeconomic factors that could significantly impact Bitcoin’s value. He cited interest rates and unemployment rates in the U.S. and globally as potential influencers. Van de Poppe is keen to see whether economic shifts could cause a recession and whether Bitcoin would emerge as the ultimate winner or loser in such a scenario.

Van de Poppe also touched upon his early fascination with the stock market, among other topics. For more insights, you can listen to this episode and others on Cointelegraph’s Crypto Trading Secrets podcast, available on the Cointelegraph podcast page, Apple Podcasts, Spotify, Google Podcasts, or TuneIn.