Crypto Expert Michaël van de Poppe Bullish on Bitcoin Amidst Imminent Quantitative Easing

An Imminent Quantitative Easing Would Be Good For Bitcoin

Crypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In a recent X post, he suggested that Bitcoin will rise on the back of an imminent Quantitative Easing (QE) that he anticipates is “close.” Van de Poppe noted that the Fed has already started to unwind Treasury buybacks and is reducing Quantitative Tightening, signaling a potential economic downturn that could lead to a recession in the US.

As a result, the Fed seeks to inject liquidity into the financial system by buying back long-term government bonds, which could force them to take a more dovish stance and possibly lower interest rates. This, in turn, could boost investors’ confidence to go all in on risk assets like Bitcoin, according to Van de Poppe.

What To Expect Going Forward

Looking ahead, Van de Poppe predicts that Bitcoin will consolidate and go sideways in the near term, possibly ahead of the QE that will boost its price in the coming months. He also expects Altcoins to “heavily outperform and rotation kicks in,” indicating a potential shift in market dynamics.

Furthermore, Van de Poppe has expressed optimism towards Ethereum, expecting a lot from the second-largest crypto token by market cap. With Bitcoin currently trading at around $59,100 and showing signs of bullish sentiment, investors may want to keep a close eye on the market as these macroeconomic factors unfold.

As the crypto market continues to evolve, it will be interesting to see how Bitcoin and Altcoins respond to the upcoming Quantitative Easing and whether Van de Poppe’s predictions come to fruition.