Peter Brandt says Bitcoin may hit $600K by 2029, calls XRP a ‘fool coin’
An October pullback could offer a buying opportunity before Bitcoin’s next cycle peak, which Brandt expects between $300,000 and $600,000. He’s not sold on “fool coin” XRP.
Veteran trader Peter Brandt predicts Bitcoin could soar to between $300,000 and $600,000 by late 2029, potentially reaching a peak of $600,000. He sees the bear market ending around October 4, but believes the market was ahead of him. Brandt believes a pullback to $65,000 or $66,000 in early October could shake out late buyers and provide investment opportunities.
He has raised his forecast for Bitcoin's next peak, up from $250,000 to $300,000 in July to $300,000 to $600,000 now. Brandt remains skeptical of XRP, dismissing it as a "fool coin" despite Ripple's banking partnerships. He advises investors to consider a crypto allocation of up to 10%, with Bitcoin taking the largest share of the portfolio.
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