Crypto’s worst quarter since the FTX crisis has many investors worried about the end of the bull market, but according to an industry panel, Bitcoin and altcoins’ parabolic moves haven’t even begun yet. In a panel discussion at the LONGITUDE by Cointelegraph event in Paris, France, MN Capital founder Michael van de Poppe said he thinks the bull market is “actually getting started from this point.” While it’s hard to believe that following Bitcoin’s (BTC) recent plunge below $80,000 on global tariff woes, “we know from history” that chaotic sell-offs create favorable conditions for a reversal, he said.
Van de Poppe drew parallels between the current market dump and the COVID-19 crash in 2020, when Bitcoin plunged by nearly 40% in a single day.“That was the actual bottom, and since then, Bitcoin went 20x,” said van de Poppe. Cointelegraph Managing Editor Gareth Jenkinson, left, moderates a panel with three crypto experts in Paris, France, on April 7.
Related: VC Roundup: 8-figure funding deals suggest crypto bull market far from overFavorable policy, bad macro environmentUS President Donald Trump is overseeing an overhaul of crypto regulations in Washington, with lawmakers moving closer to passing landmark stablecoin and market structure bills. Trump has also appointed pro-crypto leaders to various positions, chief among them being Paul Atkins, who recently moved one step closer to securing the nomination as chair of the Securities and Exchange Commission.
The story "Crypto bull market ‘hasn't started yet’ — LONGITUDE panel" has 556 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
Which news outlet covered this story?
The story "Crypto bull market ‘hasn't started yet’ — LONGITUDE panel" was covered 12 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 63 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Positive, indicating that people regard this as "good news".
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
