In a recent interview on Cointelegraph’s Crypto Trading Secrets podcast, trader Michaël van de Poppe shared his insights on potential price drivers for Bitcoin (BTC) in the remainder of 2023. Van de Poppe emphasized the importance of regulatory clarity in the United States, as a clear framework can attract more institutional investors and bring liquidity into the market. He also pointed out the Markets in Crypto-Assets (MiCA) regulatory framework from the European Union as a positive development.
Van de Poppe also highlighted macroeconomic conditions such as interest rates and unemployment in the US and other countries that could significantly affect Bitcoin’s price. He noted the need to monitor these factors throughout the rest of the year to determine whether Bitcoin will come out as a big winner or a big loser.
Overall, van de Poppe’s analysis suggests that regulatory developments and broader economic conditions are likely to play a crucial role in shaping Bitcoin’s price trajectory in the coming months.