MN Consultancy founder Michael van de Popp said that next month the price of the first cryptocurrency could fall by 25-30%, and then a six-month period of sideways movement of the asset would begin.
Michaël van de Poppe noted that despite the increased turbulence, the outgoing year was a period of unprecedented institutional acceptance of Bitcoin. In his opinion, the catalyst for growth was the approval of Bitcoin spot ETFs in the US, which provided an inflow of capital of $30 billion.
“A correction of 25-30% in Bitcoin is possible in January 2025. The market overestimates the speed of implementation of Donald Trump’s initiatives regarding cryptocurrencies. The correction may be followed by a six-month period of lateral movement of the asset,” van de Popp said.
The expert recalled that Iran’s attack on Israel in April caused a significant drop in the market. Another shock was the August collapse against the backdrop of the situation with the Japanese yen, when the Bank of Japan’s rate hike triggered massive sell-offs, especially in the altcoin segment.
However, in 2025, the global money supply is expected to grow by 18%, and the capitalization of the cryptocurrency market may reach $10-15 trillion. If Bitcoin’s dominance decreases to 40%, its price will be about $300,000, the analyst concluded.
Earlier, Michael van de Popp reported a high probability of rapid fluctuations in the rates of major cryptocurrencies. According to the expert, the market is on the verge of “overheating”, which could lead to significant losses for investors.
