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Michael van de Poppe described Bitcoin as being in a favorable period and observed that institutions are interested in allocating more capital to the asset class, despite a recent market correction.
He advised using the current environment as an opportunity to accumulate more Bitcoin.
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Van de Poppe recently linked cryptocurrency declines to renewed Korea market volatility in a separate analysis. He has also cautioned about Bitcoin's potential to move below $75,000 following a recent sweep of lows, as noted in another recent post. These observations come amid an environment of heightened institutional interest.