Analyst Sees Crypto Repeating Dot-Com Bubble, Predicts Rallies for XRP and One Solana Challenger
A widely followed analyst believes that crypto is poised to replicate a bubble witnessed in the late 1990s, triggered by a surge in internet adoption. Trader Michaël van de Poppe tells his 785,900 followers on the social media platform X that he’s extremely bullish on the crypto market as mainstream institutional players begin to embrace the asset class. According to Van de Poppe, conditions in the crypto market are reminiscent of the Dot-com era, when tech and web-based firms saw their valuation skyrocket as investors piled in and became overexuberant on the emerging sector. “All I know: This is the cycle where everything is going to go ballistic. Higher than ever. The Dot-com bubble type of cycle for crypto, where there’s a lot of liquidity flowing into this asset class and a lot of adoption. It’s basically the only asset class to be significantly outperforming everything.” The Dot-com bubble exploded in 2000, destroying $5 tri...