Crypto analyst Michaël van de Poppe believes that Bitcoin could see a massive increase of up to 890% in value before the current cycle ends. He suggests that Bitcoin's low valuation compared to its potential as a hedge against geopolitical tensions, banking instability, and currency debasement could drive its price to reach between $300,000 and $600,000. The analyst also points out that the TOTAL3 chart, which tracks the market capitalization of all crypto assets excluding Bitcoin, Ethereum, and stablecoins, is showing bullish divergence against Bitcoin. This suggests that the broader altcoin market may be outperforming Bitcoin.
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