Not long after declaring his ‘opportunity cost’ strategy, which involves selling all of his Bitcoin (BTC) possessions, renowned cryptocurrency expert Michaël van de Poppe followed up on his announcement, stating he has, indeed, sold all of his Bitcoin and explaining his reasoning.
As it happens, van de Poppe said his recent actions did not mean he lost his faith in the maiden crypto asset, nor that he expected it to be topped out for this cycle, nor that he had “become a complete believer in Gold,” according to a long X post explanation on May 16.
Bitcoin price 30-day chart. Source: Finbold
All things considered, Michaël van de Poppe’s strategy might make sense, but he is an experienced trader with full awareness of all the risks and downsides, so doing one’s own research is critical before attempting to emulate his practices, particularly as trends in this sector can change suddenly.
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