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Prominent cryptocurrency expert Michael van de Poppe has recently shared his analysis and bullish forecast for Bitcoin, envisioning a price level that eclipses the recent projections set forth by Max Keiser.

Possible Bitcoin valuation range: $300,000-$600,000

According to van de Poppe, Bitcoin—the premier digital currency—stands a very good chance of attaining staggering values between $300,000 and $600,000. This optimistic view is largely attributable to the increased involvement of prominent financial institutions, sparked in part by the introduction of physical (spot-based) Bitcoin exchange-traded funds (ETFs). Nonetheless, van de Poppe anticipates that the path to these heights will be marked by several significant pullbacks.

As of the time this content was updated, Bitcoin is trading at $51,086, experiencing a modest rebound following a 2.77% fall earlier in the day. Overall, Bitcoin has seen a 3.32% decrease from its recent high over $52,000, attained on Tuesday, Feb. 20.

The institutional investment shift towards Bitcoin is expected to drive the currency into mainstream adoption with an anticipated value ranging from $300,000 to $600,000 per Bitcoin.

Which is why accumulating whenever possible is crucial.

How?

By buying in during the 20-40% dips.— Michaël van de Poppe (@CryptoMichNL) February 23, 2024

Currently, Bitcoin acquisition is dominated by a select few ETFs, such as those managed by BlackRock, Fidelity, VanEck, and Ark Invest. Collectively, these firms are purchasing significantly more Bitcoin on a daily basis—roughly 12.5 times the volume produced by miners (900 BTC generated daily, with each new block rewarding 6.25 BTC). Meanwhile, Grayscale, a large fund manager, has been noted to offload its Bitcoin holdings thus far.

A recent report by U.Today from Friday, Feb. 23, shows that Fidelity outpaced eight other ETFs in terms of daily inflows. Surprisingly, it even outperformed BlackRock, which has been a dominant player in daily Bitcoin acquisitions post-ETF launch.

On that particular day, the Fidelity Wise Origin Bitcoin Fund garnered a whopping 3,061 BTC, valued at $156 million. BlackRock secured the second spot with the purchase of 2,415 BTC—totaling $123.3 million.

Bitcoin on course for $500,000, suggests Max Keiser

High-profile Bitcoin advocate Max Keiser has put forth a $500,000 price point for Bitcoin, more than double his earlier long-term forecast of $220,000. Keiser’s anticipation is fueled by what he refers to as an imminent “global fiat money apocalypse.”

The coming global fiat money apocalypse signifies the rise of #Bitcoin to an ultimate safe haven, targeting $500,000 pic.twitter.com/vkX1VQDRkB— Max Keiser (@maxkeiser) February 24, 2024

In earlier communications this week, Keiser had reiterated this ambitious Bitcoin price target. He suggested the approach of a 1987-like stock market crash in the United States.

Other market commentators, including angel investor Anthony Pompliano, have expressed sentiments that the stock market is currently at its peak. Pompliano has also highlighted the noteworthy actions of personalities like Jeff Bezos and Bill Gates, as well as several U.S. politicians, who appear to be offloading their stock investments in substantial volumes, as if privy to impending turmoil.