Legendary analyst Peter Brandt, who knows every step of Bitcoin and is famous for his successful predictions, reveals his new prediction for the leading cryptocurrency.
Legendary analyst Peter Brandt: The rise in Bitcoin is not over yet!
In a new episode of The Wolf of All Streets with renowned analyst Scott Melker, Peter Brandt says that although BTC jumped from $ 4,000 in March to over $ 19,000 in just nine months, the rise is not over yet. Legendary analyst Peter Brandt adds the following to his comments on the subject:
I AM TOTALLY LONG. IN 2018, I ALSO ALLOWED AN AMOUNT OF MONEY WHICH I CALLED ‘THIS BITCOIN COIN’. THIS IS TOTALLY EMPLOYMENT. NOT FULLY USED SINCE THAT. I SCALE AND EXPAND THE SCALE, BUT I AM COMPLETELY DETERMINED. FOR ME, THERE IS NO SIGN THAT BITCOIN WILL NOT CONTINUE TO RISE.
Analyst: Bitcoin has the potential to hit $ 100,000 in this cycle
The veteran analyst emphasizes that Bitcoin has the potential to rise to $ 100,000 in this cycle. However, Peter Brandt says there is a 50% chance that BTC will fall to zero in the long run. When it comes to why Bitcoin can drop to zero, Peter Brandt argues that future innovation could make Bitcoin’s technology obsolete. Legendary analyst Peter Brandt adds the following to his comments on the subject:
20 YEARS AFTER THAT, WE CAN GO BACK AND SAY ‘THIS IS AN INTERESTING EXPERIMENT’. YES THE TECHNOLOGY ALWAYS CHANGES. SOMETHING BRAND HAPPENS AND THE OLD’S FASHION GETS PAST.
Peter Brandt explains why he raised his proposal to invest in Bitcoin to 20% Despite the risk of BTC becoming worthless, Peter Brandt explains why he increased his proposal to invest in Bitcoin from 10% to 20%. Legendary analyst Peter Brandt adds the following to his comments on the subject:
IT CAN ALWAYS BE A BITCOIN WAREHOUSE FOR ME. IT CAN BE A TOOL OF EXCHANGE. IT MAY BE A UNIT OF MONEY. CAN TAKE CURRENCY FEATURES. I think we see some of them happening. WE SEE SOME COMPANIES NOT ONLY SELLING THEIR SHOES ONLINE WITH BITCOIN, ALSO STORING BITCOIN IN THEIR CORPORATE TREASURES. THEY ACCEPT BITCOIN. THEY ADOPT BITCOIN. I ALWAYS FEEL THAT YOU CAN START LOOKING AT FORTUNE’S ANNUAL REPORTS AND THAT YOU CAN SEE WHAT YOU HAVE STORED IN BITCOIN IN THE ANNUAL REPORTS OF THE TREASURY BILLS THAT INCREASE THE ASSETS INTEREST. AT BITCOIN… THAT TIME WE STARTED TO ACCEPT AND NOW IT CAN REALLY BE AN EXCHANGE TOOL, A CURRENCY AND A STORE OF VALUE. WE STARTED TO SEE THIS. THEREFORE, PAUL TUDOR JONES WAS CHANGED TO THE CRYPTO CURRENCY.