Crypto Trader Dismisses Possibility Of Bitcoin's Potential Crash, Meme Coins Not The Backbone Of 'All-Around Crypto Cycle'

Heavily followed crypto trader Michaël van de Poppe anticipates a significant surge in Bitcoin's (CRYPTO: BTC BTC - $62706.807 value, drawing parallels with historical economic cycles and the current state of the U.S. economy. What Happened: Van de Poppe compared the current Bitcoin cycle to the gold cycle of the 1930s and the dot-com bust of 2000.

Source: benzinga.com

Related symbols: BTCUSD

2024-09-05 22:29:01 GMT.

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Price & Market Data

Price: $62706.807

Volume 24h: $43,850,281,364.91

Market Cap: $1,238,854,485,977.66

Description

Bitcoin (BTC) is a cryptocurrency launched in 2010. Users are able to generate BTC through the process of mining. Bitcoin has a current supply of 19,756,287. The last known price of Bitcoin is 62,970.2481002 USD and is up 4.53 over the last 24 hours. It is currently trading on 11703 active market(s) with $43,727,270,107.03 traded over the last 24 hours. More information can be found at https://bitcoin.org/.