[2024-02-02] Expert Peter Brandt Foresees Bitcoin’s Ascent to $200,000 by 2025

cr1776

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Quote from: Kakmakr on March 01, 2024, 02:16:52 AM

I acctually read the second book he wrote, called "Diary of a professional commodity trader" and you can see that his 48years experience in trading is rock solid.

I am just not sure that old school traders like him are very experienced in predicting the Bitcoin price. We know Bitcoin is not your average "Commodity/Currency" and the slightest bad news can have an enormous impact on the price.

The Bitcoin ETFs and the impact of the media hype surrounding the upcoming "Halving" will boost the price, but I cannot see that we will see any price above $100 000.

When new supply goes from 900/day to 450/day and if demand remains constant then it could go quite high. Adding in additional demand from investors for the ETFs (many RIA's don't even have them on their platform, nor do some brokers (e.g. ml edge which is large) will only drive demand higher and with new supply cut in half...

So, could it go to 200k? Yes, will it? Who knows :-)

Kakmakr

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I acctually read the second book he wrote, called "Diary of a professional commodity trader" and you can see that his 48years experience in trading is rock solid.

I am just not sure that old school traders like him are very experienced in predicting the Bitcoin price. We know Bitcoin is not your average "Commodity/Currency" and the slightest bad news can have an enormous impact on the price.

The Bitcoin ETFs and the impact of the media hype surrounding the upcoming "Halving" will boost the price, but I cannot see that we will see any price above $100 000.

cr1776

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Of course no one knows, but plenty of people can look at demand vs new supply and new uses and see where the trend could easily go. I saw an article earlier about RIAs and investors at many places not having access to the US ETFs so one could easily see that having that access will only increase demand and having it coincident with the upcoming halving will only steepen the fiat price curve.

Oshosondy

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I am predicting $170000 but that is not that far to $200000. Bitcoin is getting close to $69000 which is the all-time-high even before halving. We do not know if that would be possible, I meant for bitcoin to get above $69000 before halving. Definitely the bull run has started. We would get to six digits this time before we enter 2026. Bitcoin is an asset that its value is increasing and if someone is predicting $200000, we do not know the future but from the past we can say it is possible.

CoinTürk

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Veteran financial market analyst Peter Brandt, CEO of Factor, has recently expressed an upgraded forecast for Bitcoin‘s (BTC) price, suggesting a potential surge to $200,000 by September 2025. This revised estimate follows a significant breakout in Bitcoin’s price, which has soared past the $55,000 mark, demonstrating robust momentum within the ongoing bullish cycle.

Read the full article here: https://en.bitcoinhaber.net/expert-peter-brandt-foresees-bitcoins-ascent-to-200000-by-2025

Topic: [2024-02-02] Expert Peter Brandt Foresees Bitcoin’s Ascent to $200,000 by 2025 (Read 67 times)