MN Trading Founder: Has sold all BTC for altcoins and will buy more BTC later this year
ChainCatcher news, MN Trading CEO and founder Michaël van de Poppe stated on Twitter that he has sold all his Bitcoin. He still expects that this bull market cycle is not over yet, but he has not completely turned bullish on gold.
He has exchanged Bitcoin for altcoins because he believes there is an opportunity for greater returns by investing in altcoins during this bull market. Additionally, he plans to buy back more Bitcoin later this year.
Michaël believes the likelihood of an Ethereum ETF approval is close to zero. He pointed out that although there are risks in investing in altcoins at the moment, the potential returns are enormous. He expects the potential return of Bitcoin over the next 12-24 months to be around 900-4500%.
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