CandleFocus Bitcoin Price Has One Concern, Reveals Legendary Trader Peter Brandt
2024-09-23
Author: Content Editor
Peter Brandt, a renowned trader with decades of experience, has expressed excitement about Bitcoin (BTC) and the potential for its price to grow against gold. He believes that BTC could see a significant increase of around 520% in its value compared to gold. However, Brandt also has concerns, particularly that BTC remains below its 2021 high when adjusted for inflation. He questions whether BTC could experience a complete reset and notes that the cryptocurrency has not reached a new de facto price high despite surpassing $69,000 this year. The discrepancy is attributed to the U.S. dollar's influence on BTC's price when denominated.
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