Silver

Gold

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 <p class="paragraph">Amid significant developments in different markets and across industries, hard assets like gold, silver, and cryptocurrencies seem to be teetering at the edge of a massive bull cycle, at least according to one crypto trading expert, who has referred to them as must-haves in portfolios.</p>
 <p class="paragraph">As it happens, renowned crypto analyst Michaël van de Poppe has observed the “extremely low (…) valuations of Crypto &amp; Gold, Silver compared to the Dollar &amp; Equities,” adding that “we’re on the edge of a big bull <a rel="noopener noreferrer nofollow" title="cycle" href="https://thebittimes.com/tag/cycle.html">cycle</a> in hard <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a> overall, commodities included,” in his X post on May 22.</p>
 <p class="paragraph">In other words, he suggested that investors should accumulate in their portfolios exactly these “hard assets” – crypto, gold, and silver – today, while they are still cheap in comparison to the United States dollar and stocks, as the “big bull cycle” could start at any moment, judging by the chart patterns.</p>
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 <figure class="wp-block-image size-full"><img decoding="async" width="800" height="428" src="https://cdn.thebittimes.com/images/2024/05/23/a6ac2ce0bf2a11b6212a0448457f2356.webp" alt="Gold vs. Dow Jones Industrial Average analysis. Source: Michaël van de Poppe" class="wp-image-177797" srcset="https://cdn.thebittimes.com/images/2024/05/23/a6ac2ce0bf2a11b6212a0448457f2356.webp 800w, https://cdn.thebittimes.com/images/2024/05/23/a6ac2ce0bf2a11b6212a0448457f2356.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/a6ac2ce0bf2a11b6212a0448457f2356.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Gold vs. Dow Jones Industrial Average <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a>. Source: </em><em>Michaël van de Poppe</em>
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 <h2 class="wp-block-heading" id="h-precious-metals-price-<a rel=" dofollow title="Category Analysis" href="https://thebittimes.com/analysis.html" rel="noopener noreferrer nofollow">Analysis"&gt;Precious metals price <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a></h2>
 <p class="paragraph">Indeed, gold is currently trading at the price of $2,364.39 per ounce or $76,016.82 per kilogram, recording a decline of 0.75% on the day, dropping 0.83% across the week but still recording an increase of 2.85% on its monthly chart, according to the latest data retrieved on May 23.</p>
 <figure class="wp-block-image size-full"><img decoding="async" width="892" height="462" src="https://cdn.thebittimes.com/images/2024/05/23/926533c3672e8609fdbd01827289c4b7.webp" alt="Gold price 30-day chart. Source: BullionVault" class="wp-image-177798" srcset="https://cdn.thebittimes.com/images/2024/05/23/926533c3672e8609fdbd01827289c4b7.webp 892w, https://cdn.thebittimes.com/images/2024/05/23/926533c3672e8609fdbd01827289c4b7.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/926533c3672e8609fdbd01827289c4b7.webp 768w" sizes="(max-width: 892px) 100vw, 892px">
  <figcaption class="wp-element-caption"><em>Gold price 30-day chart. Source: </em><em>BullionVault</em>
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 <p class="paragraph">At the same time, the price of silver at press time stood at $30.52 per ounce or $981.36 per kilogram, which suggests a 1.29% drop in the last 24 hours but nonetheless an increase of 4% over the previous seven days and an accumulated advance of 13.72% across the past month.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="926" height="466" src="https://cdn.thebittimes.com/images/2024/05/23/48a6fe30b3ee43f71d72599a9d907519.webp" alt="Silver price 30-day chart. Source: BullionVault" class="wp-image-177799" srcset="https://cdn.thebittimes.com/images/2024/05/23/48a6fe30b3ee43f71d72599a9d907519.webp 926w, https://cdn.thebittimes.com/images/2024/05/23/48a6fe30b3ee43f71d72599a9d907519.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/48a6fe30b3ee43f71d72599a9d907519.webp 768w" sizes="(max-width: 926px) 100vw, 926px">
  <figcaption class="wp-element-caption"><em>Silver price 30-day chart. Source: </em><em>BullionVault</em>
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 <h2 class="wp-block-heading" id="h-cryptocurrencies-price-analysis">Cryptocurrencies price analysis</h2>
 <p class="paragraph">Meanwhile, in terms of digital <a rel="noopener noreferrer nofollow" title="assets" href="https://thebittimes.com/tag/assets.html">assets</a>, van de Poppe has earlier observed that the crypto market representative, Bitcoin (BTC), was “slowly consolidating,” adding that he was “expecting a retest at the $68K mark, before a continuation upwards,” and reiterating that the “trend is clearly upwards.”</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="800" height="425" src="https://cdn.thebittimes.com/images/2024/05/23/be2cc995ebe3f2986f8cffef39546c29.webp" alt="Bitcoin price action analysis. Source: Michaël van de Poppe" class="wp-image-177800" srcset="https://cdn.thebittimes.com/images/2024/05/23/be2cc995ebe3f2986f8cffef39546c29.webp 800w, https://cdn.thebittimes.com/images/2024/05/23/be2cc995ebe3f2986f8cffef39546c29.webp 300w, https://cdn.thebittimes.com/images/2024/05/23/be2cc995ebe3f2986f8cffef39546c29.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
  <figcaption class="wp-element-caption"><em>Bitcoin price action analysis. Source: </em><em>Michaël van de Poppe</em>
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 <p class="paragraph">Specifically, Bitcoin is presently changing hands at the price of $69,730, which represents a modest loss of 0.49% on its daily chart, while the flagship decentralized finance (DeFi) asset clings to the 5.07% gain across the past week and a growth of 5.52% in the last month.</p>
 <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="496" src="https://cdn.thebittimes.com/images/2024/05/23/4337939a5bcebe0fc0b1171ad735183c.webp" alt="Bitcoin price 30-day chart. Source: Finbold" class="wp-image-177801" srcset="https://cdn.thebittimes.com/images/2024/05/23/4337939a5bcebe0fc0b1171ad735183c.webp 750w, https://cdn.thebittimes.com/images/2024/05/23/4337939a5bcebe0fc0b1171ad735183c.webp 300w" sizes="(max-width: 750px) 100vw, 750px">
  <figcaption class="wp-element-caption"><em>Bitcoin price 30-day chart. Source: </em><em>Finbold</em>
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 <p class="paragraph">It is also worth noting that van de Poppe has earlier highlighted that altcoins like Ethereum (ETH) were still heavily undervalued, with most of them being “down 70% against Bitcoin,” sharing his expectations that altcoins would “do way better (…) in the coming months,” as per his X post on May 21.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-expert-micha-l-van-de-poppe-predicts-big-bull-cycle-for-these-assets-tbt89384.html">https://thebittimes.com/crypto-expert-micha-l-van-de-poppe-predicts-big-bull-cycle-for-these-assets-tbt89384.html</a></p>

Crypto expert Michaël van de Poppe predicts ‘big bull cycle’ for these assets

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