Could Bitcoin hit $600,000 by 2029?
Veteran trader @PeterLBrandt shares his Bitcoin outlook, says further interest rate hikes would have little effect on its price, and calls XRP a “fool coin.”
“XRP can be effectively used for transactional purposes, cheaply,” he says.
Watch the new #TRADESECRETS episode with @itsciaranlyons:
00:00 - Intro
01:30 - Do you still expect Bitcoin to bottom in October?
05:30 - What negative catalyst could trigger another Bitcoin drop?
09:10 - Is $100,000 by year-end a realistic scenario for Bitcoin?
11:45 - Could Bitcoin reach $1 million by 2030?
18:00 - What is the better short-term play: AI stocks or Bitcoin?
20:30 - How would further interest rate hikes impact Bitcoin?
23:00 - Will institutional demand change Bitcoin’s boom-and-bust cycle?
25:35 - What is your current view on XRP?
28:30 - Could quantum computing threats ultimately push Bitcoin’s price to zero?
🚨 SAYLOR: The digital economy needs a “bill of digital rights” giving people and companies the freedom to create, issue, hold, transfer and use digital assets, with a goal of enabling 10 million new companies to raise capital.
🔥 INSIGHT: $200K to $250K by early 2029.
That's the Bitcoin target on @PeterLBrandt's radar.
He walked @itsciaranlyons through his Bitcoin banana chart, where that range marks the start of the red zone. Brandt expects price to push back into it within the next two and a half years.
#TRADESECRETS
🔥 NATE GERACI: Bitcoin ETFs have pulled in $5.3B since the US Treasury said it would buy back more long-term bonds, including the $2.4B last week alone.
🔥 BIG: Binance now owns $100M of Circle stock and signed a five-year deal to push USDC to its users.
The world's biggest exchange is now a shareholder in the company behind USDC.
🔥 INSIGHT: What would it take to break Bitcoin?
For @PeterLBrandt, a successful hack would hit its basic premise.
Even then, he told @itsciaranlyons it would never go to zero because "there's always a sucker that wants to own it."
The Bitcoiners he trusts believe it can't be hacked, and that any breach could be patched.
As long as developers stay one step ahead, Brandt sees the thesis holding.
#TRADESECRETS
🇰🇿 INTERESTING: Kazakhstan wants Bitcoin miners to run on gas that oil fields currently burn off as waste.
That wasted gas could produce about 1.2 TWh of power a year.
🚨 JUST IN: US regulators are suing Cash FX over an alleged $950M Ponzi scheme.
Investors were promised up to 15% a week from "AI trading." The CFTC says there was barely any trading, and investors lost at least $406M.