Here is How This Crypto Analyst Made $10 Million Last Bull Run

The cryptocurrency trading cycle that kicked off between 2019 and 2020 peaked in November 2021 and then retraced.

During this surge, one expert claims to have turned an initial investment of $40,000 into a staggering $10 million by speculating on altcoins.

Michaël van de Poppe shared this journey on September 27, encouraging his audience that significant profits are possible in a bullish market. He stated that “extraordinary gains” can be achieved, asserting, “If I can do it, you can do it too.”

His impressive return of 250 times the original investment stemmed from savvy trading and precise timing in the altcoin market, alongside benefits from staking for compounded earnings.

READ MORE:

Bitcoin and Altcoins on the Verge of Explosive Growth, Says 10x Research

However, van de Poppe cautioned that accurately timing the market is complex, even for seasoned traders. Effective decision-making improves with more data and time in the market, as traders look for signals that indicate potential price movements while avoiding risky scenarios.

Although some metrics can provide insights, they can be easily manipulated, highlighting the importance of basic security practices to safeguard against scams and phishing attempts.

Staking within proof-of-stake protocols and the DeFi space offers enticing opportunities for informed investors. By locking a portion of their assets, users can generate returns, whether by staking native tokens or providing liquidity to Automated Market Makers (AMMs) and lending platforms.

Looking to the future, van de Poppe and several analysts have hinted at a forthcoming altseason in 2024, where smaller altcoins may outperform larger cryptocurrencies.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.