Putin Points Carlson to Fundamental Reason for Bitcoin's Surge

Michaël van de Poppe, the head and founder of MN Trading, recently released a video review titled "Bitcoin Hits $48k. What's Next?" In the review, he highlighted Bitcoin's current price range between $38,000 and $48,000. Van de Poppe had previously forecasted Bitcoin's rise to $48,000 before the ETF launch, considering it as a significant resistance level with potential pullbacks of 20-30%. Bitcoin indeed corrected once to $38,000. However, it's now back around $48,000, nearing the upper boundary of the range.

Van de Poppe shifted focus to Putin's notable interview with Tucker Carlson. He emphasized Putin's remarks on the US debt reaching $33 trillion, labeling it a colossal issue. According to van de Poppe, Putin expressed concerns about the potential collapse of the US dollar, citing allies reducing their dollar reserves. Van de Poppe sees Bitcoin thriving due to fears surrounding the dollar's fate, noting the importance of ETFs in attracting capital.

Van de Poppe discussed the fundamental reason behind Bitcoin's existence, citing its current utility. He predicts a massive bullish cycle akin to the dot-com era, with Bitcoin potentially surpassing expectations, reaching half a million dollars per coin. He finds Putin's historical insights on Russia beneficial in understanding Bitcoin's role in the current economic landscape.