Michaël van de Poppe

I don't think we'll ever see altseason back. Most of the altcoins will die and have literally no purpose in this ecosystem. That's just the harsh reality of the market and that's not bad. The teams and protocols that are innovative and provide an ecosystem in which value accruals towards the ecosystem themselves, that makes sense to be sustaining a token itself. Other than that, there's only, mostly been a purpose of generating and making money for the founders and/or VCs or market makers that have been trading them. Only 1% of the tokens make sense and that's why investing into #Altcoins has become more complex. The only window where we'll be seeing more momentum into those altcoins will be in the end phase of the cycle, that will likely be late in 2027 or even in 2028. Before that, we'll only see strength in tokens that have value accrual or when there's a hype narrative taking place.

"Bitcoin's system is a failure. It was reinvented as a speculative monster." Michael Green (@profplum99) on the show. Chief Strategist at Simplify Asset Management. Ex-Thiel Macro, ex-Logica Capital. His passive investing research is published by central bank desks. "Scarcity does not create value. Scarcity of dioxin creates value. You're not paying a premium for dioxin because of its scarcity. You're paying because it's poison." "The algorithm that defines Bitcoin's scarcity was arbitrarily made by a man we have no idea who they really are." "It has failed as a peer-to-peer payment system. It now consumes extraordinary electricity solving curve equations that secure a network doing no real transactions at scale." "I've actually run the simulations on the program. I understand the inherent fragilities."

Everyone expects new lows for #Bitcoin. Bitcoin is up 25% from its recent lows after the war in the Middle-East started and a new high in Yields. That's strength, not weakness. That's the actual reason why you should be looking into Bitcoin rather than other assets, as the other asset becomes the overcrowded trade. 1⃣ - The fact that Bitcoin lost the 21-Day MA doesn't mean that it should fall all the way towards new lows. As a matter of fact, it's showing a lot of strength that it's still holding above $76K. Additionally, there's a CME gap at $79.1K and the prime reason for this sell-off is probably a concentrated correction due to the dividend data from Strategy rather than a shift in market momentum. 2⃣ - Rates are going up, despite that, markets are not giving it a lot of value, as in previous cases, Bitcoin would have crashed down massively. This simply hasn't happened and it's pretty resilient against the recent rise to new highs on the Yields. 3⃣ - The Bitcoin ETFs have reached a new ATH in AUM and holders. That itself shows a lot of the 'Smart Money' allocating funds into Bitcoin. The ones yelling on social media (retail) or OGs are the ones selling. The new buyers are resilient and are having a longer horizon. 4⃣ - The recent valuation of Bitcoin vs. Gold has seen the lowest RSI read ever. In history, the other three reads that came close resulted into the start of a bull market. Not the start of a bear market. 5⃣ - If Bitcoin crashes down towards a new low, that would mean it's invalidating the 200-Week MA and therefore, it would be the case that any historical pattern doesn't remain valid anymore. Only in 2022 prices fell down, due to exogenic shocks as FTX and Luna both collapsed (and CeFi). None of those cases exist in the nowadays markets. There are plenty of other reasons to expect new highs rather than new lows. Markets can definitely come down to test support levels. I wouldn't be surprised to see $70K as a test like that. It's just not likely to expect new lows.

These are the altcoins that I think will do provide me the largest return in the coming months. - NEAR Protocol: Clearly showing a lot of momentum due to the increasing growth on the ecosystem and the constant revenues with NEAR Intents. Largest position on my portfolio. - Bittensor: Also clearly betting on the AI <> Crypto convergence as one of the key metrics of the upcoming period. I'm considering adding multiple other altcoins in my portfolio. $HYPE, $SUI, to name a few. Which ones do you think I should consider?

This is 100% true. #Crypto will break down the entire financial system that has been build up. However, if the financial system was great, innovative and robust by itself, #Crypto and #Bitcoin wouldn't even be necessary to be build up.

#Bitcoin consolidating further down, resulting into #Altcoins losing more momentum. None of the critical levels have been lossed, as I’d fancy #Bitcoin to hold above $76,000. If momentum can be picked up again next week, we might be looking at tremendous opportunities here in the markets for the short-term. But, then again, little bit more cautious here given the fact that, for me, an important indicator has been lost.

I don't think we'll ever see altseason back. Most of the altcoins will die and have literally no purpose in this ecosystem. That's just the harsh reality of the market and that's not bad. The teams and protocols that are innovative and provide an ecosystem in which value accruals towards the ecosystem themselves, that makes sense to be sustaining a token itself. Other than that, there's only, mostly been a purpose of generating and making money for the founders and/or VCs or market makers that have been trading them. Only 1% of the tokens make sense and that's why investing into #Altcoins has become more complex. The only window where we'll be seeing more momentum into those altcoins will be in the end phase of the cycle, that will likely be late in 2027 or even in 2028. Before that, we'll only see strength in tokens that have value accrual or when there's a hype narrative taking place.

"Bitcoin's system is a failure. It was reinvented as a speculative monster." Michael Green (@profplum99) on the show. Chief Strategist at Simplify Asset Management. Ex-Thiel Macro, ex-Logica Capital. His passive investing research is published by central bank desks. "Scarcity does not create value. Scarcity of dioxin creates value. You're not paying a premium for dioxin because of its scarcity. You're paying because it's poison." "The algorithm that defines Bitcoin's scarcity was arbitrarily made by a man we have no idea who they really are." "It has failed as a peer-to-peer payment system. It now consumes extraordinary electricity solving curve equations that secure a network doing no real transactions at scale." "I've actually run the simulations on the program. I understand the inherent fragilities."

Everyone expects new lows for #Bitcoin. Bitcoin is up 25% from its recent lows after the war in the Middle-East started and a new high in Yields. That's strength, not weakness. That's the actual reason why you should be looking into Bitcoin rather than other assets, as the other asset becomes the overcrowded trade. 1⃣ - The fact that Bitcoin lost the 21-Day MA doesn't mean that it should fall all the way towards new lows. As a matter of fact, it's showing a lot of strength that it's still holding above $76K. Additionally, there's a CME gap at $79.1K and the prime reason for this sell-off is probably a concentrated correction due to the dividend data from Strategy rather than a shift in market momentum. 2⃣ - Rates are going up, despite that, markets are not giving it a lot of value, as in previous cases, Bitcoin would have crashed down massively. This simply hasn't happened and it's pretty resilient against the recent rise to new highs on the Yields. 3⃣ - The Bitcoin ETFs have reached a new ATH in AUM and holders. That itself shows a lot of the 'Smart Money' allocating funds into Bitcoin. The ones yelling on social media (retail) or OGs are the ones selling. The new buyers are resilient and are having a longer horizon. 4⃣ - The recent valuation of Bitcoin vs. Gold has seen the lowest RSI read ever. In history, the other three reads that came close resulted into the start of a bull market. Not the start of a bear market. 5⃣ - If Bitcoin crashes down towards a new low, that would mean it's invalidating the 200-Week MA and therefore, it would be the case that any historical pattern doesn't remain valid anymore. Only in 2022 prices fell down, due to exogenic shocks as FTX and Luna both collapsed (and CeFi). None of those cases exist in the nowadays markets. There are plenty of other reasons to expect new highs rather than new lows. Markets can definitely come down to test support levels. I wouldn't be surprised to see $70K as a test like that. It's just not likely to expect new lows.

These are the altcoins that I think will do provide me the largest return in the coming months. - NEAR Protocol: Clearly showing a lot of momentum due to the increasing growth on the ecosystem and the constant revenues with NEAR Intents. Largest position on my portfolio. - Bittensor: Also clearly betting on the AI <> Crypto convergence as one of the key metrics of the upcoming period. I'm considering adding multiple other altcoins in my portfolio. $HYPE, $SUI, to name a few. Which ones do you think I should consider?

This is 100% true. #Crypto will break down the entire financial system that has been build up. However, if the financial system was great, innovative and robust by itself, #Crypto and #Bitcoin wouldn't even be necessary to be build up.

#Bitcoin consolidating further down, resulting into #Altcoins losing more momentum. None of the critical levels have been lossed, as I’d fancy #Bitcoin to hold above $76,000. If momentum can be picked up again next week, we might be looking at tremendous opportunities here in the markets for the short-term. But, then again, little bit more cautious here given the fact that, for me, an important indicator has been lost.