Veteran trader and author Peter Brandt on Twitter bitcoin and other cryptocurrencies He made a bold claim about his future.
“All Altcoins Including Ethereum Imitation Or Fraud”
He said that Bitcoin is the only asset in the crypto world to emerge victorious from the marathon, and called all other cryptocurrencies, including Ethereum, as “fake or fraudulent”.
Bitcoin is the ONLY bet in crypto that will finish the marathon. All others are just wanna bees or scams, including $ETH https://t.co/N6UDDnIiM3
— Peter Brandt (@PeterLBrandt) June 11, 2023
Brandt, who has been trading since 1975 and featured in the Market Wizard series, is known for his classic chart analysis and extensive commentary on Twitter. He has over 696,000 followers and often shares his views on Bitcoin and other markets.
Brandt suggested in his tweet that Bitcoin has a long-term advantage over other cryptocurrencies, implying that most of them will not survive in the long run. He also described Ethereum, the second largest crypto by market capitalization, as a scam.
Brandt has previously expressed skepticism about Ethereum and other altcoins and has often praised Bitcoin for its rarity, security, and network impact. He also predicted that based on a classic chart model, Bitcoin could reach $100,000 by 2024.
*Not investment advice.
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