Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe

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Coin Telegraph 1w ago

Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe - Coin Telegraph

Quick Summary:

Trader and investor Michaël van de Poppe says many in the crypto community underappreciate the impact of America’s ballooning debt.

He argued that Trump’s approach to regulation would be great for Bitcoin in the short term, “at least if he does what he says.” However, the mid-term impacts could be “disastrous,” as he has stated he is determined to end inflation.

And if that happens, the purchasing power is going to drop as well, and the price of Bitcoin will also change.