Crypto expert Michaël van de Poppe updates altcoin portfolio
After going all-in on altcoins three months ago, professional crypto trader Michaël van de Poppe has shaken up his altcoin portfolio, adding cryptocurrencies he considers will offer solid returns on investment (ROI) following the recent crash. Indeed, van de Poppe explained that the correction, which affected different markets across the board, including crashing Bitcoin (BTC) by 30%, happened because of the Japanese Yen carry trade that caused the Nikkei to dip the most since Black Monday in 1987, as per his YouTube video on August 11. Specifically, the expert explained that the crypto market crash in particular, not seen since FTX, happened “primarily due to the fact that [crypto trading firm] Jump Trading has been continuing its selling, Jump Trading has been doing the Japanese Yen carry trade by investing into crypto.” Picks for you Fu...