Michael van de Poppe: Bitcoin will return to $100,000, 2026/05/02 10:53:27

According to Michael van de Poppe, founder of MN Trading and analyst, Bitcoin may not require a new growth catalyst to return to the $100,000 price point.

Van de Poppe believes that in recent months, investor focus has shifted towards artificial intelligence and related fields, which has temporarily dampened interest in Bitcoin. He noted that a significant portion of capital and media attention has been effectively drawn towards AI.

As an illustration, the entrepreneur pointed to the performance of Nvidia’s stock, which has increased by 5.08% since the beginning of the year, while Bitcoin has decreased by approximately 10% over the same timeframe. This, according to the co-founder of MN Trading, reflects a reallocation of attention and capital. At the same time, the crypto analyst believes that such a scenario does not necessitate the emergence of new drivers for the recovery of the crypto market.

“There is no need for any specific strategy to push Bitcoin’s price up to $100,000. The price will rise, and the narrative will develop on its own,” van de Poppe stated.

Such periods of interest reallocation among assets are considered a natural aspect of the market cycle. As the excitement around certain technological assets wanes, capital may begin to flow back into the crypto market, creating conditions for a sustainable bullish trend for the leading cryptocurrency, the businessman concluded.

Previously, Matt Hougan, the investment director at Bitwise, indicated that the primary factor in Bitcoin’s recovery has been the purchases made by the largest corporate holder of the cryptocurrency, Strategy.