Latest statement of legendary trader Peter Brandt, Bitcoin He drew attention with a comment that the price did not reach its all-time high (ATH). Brandt says BTC has never reached ATH in the last three years stated.
The best traders I have known in my half century (50 years) of trading futures market are sincerely interested in what the people on the other side of their bets think, whether technically or from a global macro viewpoint.
With that in mind, it is extremely interesting to note… pic.twitter.com/SjrdOmAde4NEWS CONTINUES BELOW— Peter Brandt (@PeterLBrandt) April 23, 2024
This explanation may seem counterintuitive at first because Bitcoin reached its highest price level of $73,750.07 on March 14. However, according to Brandt, the inflation-adjusted BTC price has not reached a new peak in three years.
Peter BrandtAccording to , despite the approved spot Bitcoin ETF and the recent BTC halving event, the value of the currency remains low considering US consumer purchasing power. As we reported as Koinfinans.com, according to the table shared by Brandt, the BTC price, adjusted for consumers’ purchasing power, last reached a high level in the second half of 2021.
Therefore, Brandt explained that they wanted to know what he and the best traders he has met in over 50 years of trading think about the huge potential that Bitcoin has.
As one of the most influential traders in the market, Brandt has not failed to show his confidence in Bitcoin. However, his stance on Ethereum (ETH) differs significantly.
Besides Brandt, many market investors and analysts have set very high price targets for Bitcoin. This is due to the hope that the spot Bitcoin ETF will trigger more demand in the future, combined with the trend of decreasing supply resulting from the halving.
One of these big predictions came from “Rich Dad Poor Dad” author Robert Kiyosaki. The financial expert predicted that the BTC price will rise above $100,000 by the end of this year.
