Experienced Investor Peter Brandt Responded to His Claims That Bitcoin Will Become 1 Million Dollars!

Experienced investor and analyst Peter Brandt, by Balaji Srinivasan $1 million in 90 days Bitcoin (BTC) price estimate “stupid” described as. At the same time, he added that the controversial entrepreneur could be lucky.

Peter Brandt Calls $1M Bitcoin (BTC) Price Prediction “Stupid”

Srinivasan’s mention has been met with skepticism and criticism from various members of the cryptocurrency community, including renowned academic and risk analyst Nassim Nicholas Taleb.

This bold prediction from former a16z partner and CTO of cryptocurrency exchange Coinbase came as the price of Bitcoin (BTC) recently surpassed $28,000 as the ongoing crisis in the banking industry led to speculation of a dovish Federal Reserve U-turn.

The largest digital asset has reached levels not seen since June 2022, and its price has increased by 70% since the beginning of the year.

The legendary investor pointed out two key unfilled gaps at $19,000 in a tweet. This indicates that Brandt believes the price of the digital asset has the potential to fall in the short term.

Despite the extreme optimism caused by the recent surge in Bitcoin’s (BTC) price, experts like Brandt continue to consider it “impossible” that the digital asset will reach $1 million in such a short time.

The future of the digital asset remains uncertain and caution is necessary when making predictions or investing.

At the time of this writing, Bitcoin (BTC) was trading at $27,800.

*Not investment advice.

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