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

Van de Poppe’s Thoughts on What Could Influence Bitcoin’s Price in 2023

Cointelegraph’s Crypto Trading Secrets podcast has released its 10th installment, which includes an interview with trader Michaël van de Poppe, who has a following of more than 650,000 on Twitter under the @CryptoMichNL handle. During the June 14th episode, host Benjamin Pirus and van de Poppe discussed a variety of topics, including his thoughts on what could influence Bitcoin’s (BTC) price throughout the remainder of 2023. His response included references to United States regulations.

“Van de Poppe stated that if the framework in the U.S. regarding the classification of cryptocurrencies as securities or commodities is made clear, it will have a positive effect on markets,” he added.

Van de Poppe mentioned other areas’ crypto-related regulatory structures, particularly the Markets in Crypto-Assets (MiCA) framework from the European Union which was approved in late May. He remarked that the U.S. is lagging in this regard, but that the situation should improve with more clarity on the issue, which would be beneficial for the markets and bring in more liquidity.

The trader also pointed out the macroeconomic conditions that could have a major effect on Bitcoin, such as the state of interest rates and unemployment in the US and other countries. “We have to wait and see what happens in the rest of the year to know if there will be a recession and if Bitcoin will be the big winner or the big loser,” van de Poppe said.

Van de Poppe’s Discussion of Other Subjects, Including His Early Fascination with the Stock Market

Van de Poppe also discussed various other subjects, such as his early fascination with the stock market when he was a child.

Visit Cointelegraph’s podcast page, Apple Podcasts, Spotify, Google Podcasts or TuneIn to check out this and other episodes of Cointelegraph’s Crypto Trading Secrets podcast.

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