Crypto analyst Michaël van de Poppe has outlined two possible scenarios for Bitcoin and altcoins in the coming months, each with drastically different outcomes.
In one scenario, the crypto market follows Bitcoin’s traditional four-year cycle, with BTC reaching its peak in late 2025. Altcoins, in turn, would experience a major rally in early 2026. This pattern aligns with past Bitcoin halving events, where reduced miner rewards typically create supply shocks that drive prices higher.
However, an alternative scenario suggests an even more explosive bull market. Van de Poppe speculates that Bitcoin’s previous cycle may have peaked too early, meaning the current cycle has barely begun for altcoins. He draws comparisons to the late 1990s dot-com bubble, suggesting that the S&P 500 could see multiple years of 20% gains, pushing risk assets—including Bitcoin—to unprecedented levels.
The analyst believes that if the stock market enters a period of rapid expansion, Bitcoin could act as a high-beta asset, skyrocketing alongside equities. He also argues that potential policy changes under a Trump presidency could further fuel a speculative boom, potentially sending Bitcoin to $1 million and triggering wild price surges in the altcoin market.
Despite these bullish projections, Van de Poppe warns that a reversal will inevitably follow. Once the market cycle completes, he expects a significant correction or even an economic crisis, marking the end of the speculative frenzy.
Bitcoin briefly surged past $86,000 on Tuesday, reaching levels not seen since early April, before slipping back slightly.
The Trump administration is exploring the idea of leveraging tariff revenues to build a national Bitcoin reserve, signaling a broader shift in how digital assets could be integrated into U.S. economic policy.
Public companies ramped up their Bitcoin holdings in early 2025, with total corporate reserves growing by more than 95,000 BTC in the first quarter alone, according to data shared by Bitwise.
Japanese investment company Metaplanet is ramping up its Bitcoin acquisition strategy, making headlines with its latest purchase of over ¥3.7 billion (approximately $26 million USD) worth of BTC.