Cryptocurrency analyst and trader Michaël van de Poppe is outlining two potential paths for Bitcoin (BTC) and altcoins over the coming months.

In the first scenario, Van de Poppe tells his 169,000 YouTube subscribers that Bitcoin and altcoins will have “one hell of a year.”

According to the analyst, the crypto market will follow the four-year cycle with Bitcoin peaking in the fourth quarter of 2025 while altcoins will have a bullish run in the first quarter of 2026.

The four-year cycle is based on Bitcoin halving events when BTC miner rewards get slashed in half, triggering a supply and demand imbalance that has previously led to bullish crypto market conditions.

In the second scenario, Van de Poppe says Bitcoin and altcoins will have even bigger rallies as equities rise in prices, too, all fueled by President Trump’s policies.

“The second scenario for Bitcoin is that the last cycle [2020 to 2024] has peaked too early. This cycle has barely started for altcoins, we’ve had the longest bear market in the altcoin [market] since its existence….

The S&P [index] is going to copy-paste the last four years of the dotcom bubble [1997 to 2000] with four years of 20% returns or more which is a very rare case and which is basically designing the entire bubble that was happening in the dotcom bubble and might be the case again with AI (artificial intelligence) and blockchain [technologies]…

If the S&P is going to do that, Bitcoin is going to be the beta play on top of that where also [US President Donald] Trump is going to fuel that entire run where Bitcoin goes to a $1 million and altcoins can go completely wild with irrational valuations.”

According to the analyst, a trend reversal will follow thereafter.

“The entire macroeconomic perspective is going to change and we will be having the biggest correction or crisis after that.”