Prediction of a Bull Market in Crypto

Michael van de Poppe, a cryptocurrency analyst at the Amsterdam Stock Exchange, has expressed optimism about a potential bull market for crypto on the social media platform X (formerly Twitter).

Signs for a Great Crypto Market

Poppe’s optimism stems from recent data updates on key metrics. He noted that the Consumer Price Index (CPI), a critical inflation measure, was reported lower than expected—0.2% in February compared to the anticipated 0.3% rise. In the past year, CPI has increased by 2.8%, down from January’s 3% surge.

> Great signs.
>
> CPI comes in lower than expected, monthly data is also lower than expected.
>
> All signs start to go green for a great bull market for #Crypto and #Altcoins.
> — Michaël van de Poppe (@CryptoMichNL) March 12, 2025

Lower CPI readings typically reduce the likelihood of Federal Reserve rate hikes, which is favorable for Bitcoin and altcoins.

Bitcoin Losing Momentum to Gold

In contrast, Mike McGlone, a senior commodity expert at Bloomberg Intelligence, argues that Bitcoin is losing ground to gold. Recently, he tweeted about increased inflows into gold ETFs while Bitcoin ETFs are experiencing significant outflows. Currently, Bitcoin and Ethereum, the two largest cryptocurrencies, are in decline—BTC has fallen below $80,000 while Ethereum is below $2,000. McGlone observed that both crypto and stock markets are moving in tandem.

He pointed out that Bitcoin and U.S. stocks became overvalued by the end of the previous year and anticipate continued declines throughout 2025. As of this writing, Bitcoin is trading at $81,086, down 3.78% from its previous level of $84,110.