Despite a new all-time high exceeding $70,000, Bitcoin is still largely undervalued, according to Michael van de Poppe, crypto analyst and renowned YouTuber. He predicts much higher prices for the queen of cryptos in the coming months.
Bitcoin undervalued despite new record
Bitcoin recently reached a new symbolic milestone by exceeding $70,000 for the first time. A remarkable performance after a meteoric rise of almost 45% in just one month.
However, according to Michael van de Poppe, founder of the trading company MN Trading Consultancy, bitcoin remains significantly undervalued at this price level. “ Historic day with Bitcoin reaching $70,000 for 1 bitcoin. A new historic record, but still highly undervalued” , does he have declared.
Although he did not give a specific price target, the analyst is convinced that the intrinsic value of bitcoin is much higher. “ For this cycle, I think we will see much higher numbers” , he added.
Other experts share this enthusiasm. Peter Brandt, seasoned trader and respected figure in technical analysis, consider a next peak of bitcoin between 120,000 and 200,000 dollars by August-September 2025. A bold forecast which demonstrates the confidence of analysts in the upward trajectory of Bitcoin in the medium term.
Bitcoin, a safe haven in the face of galloping inflation
Beyond the technical analysis, the fundamentals also argue in favor of a continued appreciation of the price of Bitcoin. For Michael van de Poppe, investing in BTC provides effective protection against galloping inflation.
“ [Le bitcoin] acts as a hedge against inflation and helps preserve your purchasing power as well as your capital“, he emphasizes. A characteristic which reinforces its appeal as a safe haven in an uncertain economic context.
The wave of institutional adoption, symbolized by the launch of exchange-traded funds (ETFs) backed by Bitcoin, is also fueling demand. Since the beginning of March, these ETFs have seen record inflows of $1.72 billion, according to SoSoValue data. This massive influx of liquidity helps support prices.
In short, bitcoin continues to shatter records, driven by solid fundamentals and growing investor interest. If some analysts like Michael van de Poppe consider it still largely undervalued with strong growth potential, others call for cautious optimism as the halving approaches.
Despite very optimistic forecasts seeing the queen of cryptos quickly reach $200,000, the market is not immune to a short-term correction. One thing is certain, bitcoin will continue to make headlines and surprises in the months to come.
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