Michael van de Poppe said that there are several options for making more significant profits in bitcoin during the bull cycle. The analyst suggested several trading strategies for consideration.
One of the simplest methods is the accumulation of bitcoins, which are bought at the expense of profits earned outside the cryptocurrency market. However, van de Popp chose the most risky method — altcoin trading.
"I sold all my bitcoins as I plan to return more later this year. This is a bullish cycle, we cannot deny it," the analyst said.
From the trader's point of view, altcoins are under unjustifiably strong pressure at the moment. Therefore, it's time to invest in them in order to make a significant profit.
He stressed that he chose the most risky method, since he has been trading on the market since 2017 and has relevant experience and knowledge.
The expert admitted that over the past two weeks, the total value of his portfolio has decreased by 20%, but still expects to make a profit in bitcoins in the amount of 300-900% in the next twelve months.
Note that 30% of its portfolio is occupied by ether, and the remaining 70% is divided between seven altcoins (10% per coin): OP, ARB, LINK, NEAR, W, SEI and SUI.
Earlier, Bitwise investment director Matt Hougan said that in January-March 2024, pension and hedge funds, insurance companies and other institutional investors invested billions of dollars in bitcoin ETFs.