Analyst Who Knows Bitcoin’s Every Step: It’s Not Over! We’re Going To These Legendary Levels
Peter Brandt, a legendary analyst who knows every step of bitcoin and is famous for his successful predictions, explains his new prediction for the leading cryptocurrency.
Legendary analyst Peter Brandt: Bitcoin’s rise isn’t over yet!
In a new episode of the Wolf of all streets with celebrity analyst Scott Melker, Peter Brandt says that although BTC has 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 to his remarks on the issue:
I’M ALL LONG. IN 2018, I SET ASIDE A SUM OF MONEY THAT I CALL’ THIS IS BITCOIN MONEY.’ THIS IS PURELY EMPLOYMENT. IT HAS NOT BEEN FULLY USED SINCE. I’M SCALING IT UP AND SCALING IT UP BUT I’M TOTALLY COMMITTED. FOR ME, THERE IS NO SIGN THAT BITCOIN WILL CONTINUE TO RISE.
Analyst: Bitcoin has potential to rise to $ 100,000 this cycle
The veteran analyst stresses that Bitcoin has the potential to rise to $ 100,000 this cycle. But Peter Brandt says there is a 50% chance of BTC falling to zero in the long term. As for why bitcoin could fall to zero, Peter Brandt argues that future innovation could make Bitcoin’s technology obsolete. Legendary analyst Peter Brandt adds to his remarks on the issue:
WE CAN LOOK BACK 20 YEARS FROM NOW AND SAY, ‘THAT WAS AN INTERESTING EXPERIMENT.’ YEAH, TECHNOLOGY CHANGES ALL THE TIME. SOMETHING BRAND NEW HAPPENS, AND THE OLD ONES BECOME OUTDATED.
Peter Brandt explains why he raised his offer to invest in Bitcoin to 20 %
Despite the risk of BTC becoming worthless, Peter Brandt explains why he increased his offer to invest in Bitcoin from 10% to 20%. Legendary analyst Peter Brandt adds to his remarks on the issue:
FOR ME, BITCOIN CAN ALWAYS BE A STORE OF VALUE. IT CAN BE A TOOL OF CHANGE. IT COULD BECOME A CURRENCY. CAN GET CURRENCY PROPERTIES. I THINK WE’RE SEEING SOME OF THAT HAPPEN. WE SEE SOME COMPANIES THAT NOT ONLY SELL THEIR SHOES ONLINE WITH BITCOIN, BUT ALSO STORE BITCOIN IN THEIR CORPORATE COFFERS. THEY ACCEPTED BITCOIN. THEY’RE EMBRACING BITCOIN. I’VE ALWAYS FELT THAT YOU CAN START LOOKING AT FORTUNE 500 ANNUAL REPORTS AND SEE IN THEIR ANNUAL REPORTS THAT THEY STORE ASSETS IN BITCOIN INSTEAD OF INTEREST-BEARING TREASURY BILLS. IN BITCOIN… THAT’S WHEN WE STARTED TO GET ACCEPTED, AND NOW IT CAN REALLY BE A TOOL OF EXCHANGE, A CURRENCY AND A STORE OF VALUE. I STARTED TO SEE IT. THAT’S WHY PAUL TUDOR JONES SWITCHED TO CRYPTOCURRENCY.