Trader weighs in on possible Bitcoin price drivers for remainder of 2023

Cointelegraph’s Crypto Trading Secrets podcast has published its 10th episode, featuring an interrogation with trader Michaël van de Poppe, who caters to an assemblage of much than 650,000 connected Twitter nether the grip @CryptoMichNL. During the June 14 interrogation recording, big Benjamin Pirus discussed respective topics with van de Poppe, specified arsenic his opinions connected what mightiness thrust Bitcoin’s (BTC) terms implicit the remainder of 2023. His answer, successful part, references United States regulations.

“I deliberation if there’s clarity connected the model that’s being established successful the U.S. successful presumption of whether oregon not cryptos are going to beryllium securities oregon commodities — that’s going to propulsion markets,” van de Poppe said, adding:

“Because if you person that framework, it opens up for much organization investors. I don’t judge that the U.S. is going to beryllium the large one. I deliberation the different parts of the satellite are already stepping in.”

In mentioning different regions’ crypto-related regulatory environments, van de Poppe highlighted the Markets successful Crypto-Assets (MiCA) regulatory framework from the European Union, which was approved successful precocious May. “I deliberation the U.S. is behind, but the much we get clarity connected that, it’s going to beryllium beneficial for the markets and activate much liquidity into the markets,” helium explained.

The trader besides noted the macroeconomic conditions perchance affecting Bitcoin significantly, specified arsenic the concern astir involvement rates and unemployment successful the United States and different countries. “I deliberation each those factors are going to determination each the markets, including Bitcoin, and that’s what we request to find retired successful the remainder of the twelvemonth whether oregon not determination is going to beryllium a recession and whether oregon not Bitcoin is going to beryllium the large victor oregon the large loser,” van de Poppe said. 

Van de Poppe besides spoke astir respective different topics, including his aboriginal involvement successful the banal marketplace arsenic a kid.

Check retired this and different episodes from Cointelegraph’s Crypto Trading Secrets podcast connected Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts oregon TuneIn.

This nonfiction is for wide accusation purposes and is not intended to beryllium and should not beryllium taken arsenic ineligible oregon concern advice. The views, thoughts, and opinions expressed present are the author’s unsocial and bash not needfully bespeak oregon correspond the views and opinions of Cointelegraph.