legendary trader Peter Brandt In his last Twitter post he shared, he stated that one of the biggest positions he holds is Bitcoin. In addition to this information, he shared a video titled “Real Time with Bill Maher”. The video content mocks cryptocurrencies and many coins, including Dogecoin.
Just a few weeks after the episode aired, Brandt said, bitcoin He added that it was funnier for the price to reach a local high of $57,000. Brandt, on the other hand, made an ironic reference to the variety of scam projects, NFTs that are completely worthless by nature, and ridiculous DeFi projects.
I think I struck a raw nerve with some people who are still long Bitcoin from double the present price.
For the record, Bitcoin is one of my personal largest ownership positions— Peter Brandt (@PeterLBrandt) August 4, 2022
Koinfinans.com As we have reported, the latest statement made by Brandt, who is also closely followed in the crypto money world, drew attention. In addition to his investment in Bitcoin, he stated that he applied a different investment strategy for some of the assets he invested towards the end of 2018; he did not neglect to give tips on his strategy in general.
Another asset Brandt invested most in was gold, unsurprisingly.
What Is The Situation In The Bitcoin Market?
Despite all the negativity in the cryptocurrency market, Bitcoin has bounced back above the $23,100 price threshold and is showing signs of strength in some areas. Bitcoin has been in an uptrend for the past 24 days, so it’s safe to say that the first cryptocurrency is in a short-term uptrend.
Considering the three successful trendline tests, it can be said that the leading cryptocurrency is actively supported by the bulls in the market and with the help of institutional investors, digital gold can reach new heights.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.