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  • Yearn.Finance’s native token YFI recently reached an all-time high of $38,869.
  • Analyst Michaël van de Poppe expects YFI to be worth four times the value of Bitcoin soon. 

Michaël van de Poppe, a digital asset strategist and trader, believes that the YFI token will soon be worth four times Bitcoin’s value. YFI is the governance token of Yearn.Finance, a decentralized finance (DeFi) protocol. YFI recently surged to an all-time high of $38,869, a 122,709% increase from its early days in mid-July, according to CoinGecko. 

Van de Poppe, aka Crypto Michaël, expects the token to continue surging. 

If YFI follows Van de Poppe’s calculations, it will be worth $46,468 soon. In a recent YouTube video, the analyst noted that he’s not sure about BTC’s near-term prospects. If the flagship coin breaks down towards $11,200, Van de Poppe thinks it could subsequently plummet into the high $9,000. On the other hand, if BTC’s price increases towards $11,800 to $12,000, it may rally to a high $13,000 or low $14,000.

Van de Poppe is more bullish on Ethereum and he thinks ETH and other altcoins are set up to do well in the short term as long as Bitcoin doesn’t break out. 

The analyst said that traders should reduce their altcoin holdings if BTC breaks through $12,500.

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