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

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.

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Article Details

Author / Journalist: Cointelegraph by Jonathan DeYoung

Category: Crypto

Markets: United States

Topics: Altseason Bitcoin Bitcoin price Donald Trump Debt crisis Podcast Altcoins Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-11 @ 14:20:00 (2 days ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 716 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 23517854

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 28 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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