MN Trading Capital Founder: Bitcoin Can Return to $100,000 Without a New Narrative

According to Cointelegraph, MN Trading Capital founder Michael van de Poppe stated on the X platform that btc-42">Bitcoin does not need a new narrative or catalyst to return to the psychological threshold of $100,000. He pointed out that "as prices rise, narratives will emerge on their own," believing that the current level is still a good accumulation zone.

Van de Poppe also noted that market attention has recently shifted to technology sectors such as AI. As of Friday's close, Nvidia (NVDA) shares have risen 5.08% year-to-date, while Bitcoin has fallen about 10% during the same period. The last time Bitcoin reached $100,000 was on November 13 last year, and it dropped to an annual low of $60,000 in February. At the time of writing, it is at $78,250, having risen 14.49% in the past 30 days.

Veteran trader Peter Blandt previously told Cointelegraph that the Clarity Act is a positive development for the industry, but it is unlikely to be the main catalyst for a significant rise in Bitcoin prices. Coinbase Chief Legal Officer Faryar Shirzad stated on Friday that after the announcement of new stablecoin yield terms, "it's time" to finalize the Clarity Act. Additionally, White House crypto advisor Patrick Witt mentioned this week at the Las Vegas Bitcoin Conference that a "major announcement" regarding the Trump administration's Bitcoin reserves will be released in the coming weeks.