CandleFocus Top Trader Brandt Claims Bitcoin Will Disappoint Younger Investors
2024-12-01
Author: Content Editor
Prominent commodity trader Peter Brandt cautions younger investors that Bitcoin is no longer a guaranteed route to financial success. He states that the exponential gains seen in the early days of the cryptocurrency are no longer the norm, and Bitcoin is not a flashy investment option that can make one rich. Despite a modest 6.4X increase from its November 2022 bottom, some Bitcoin supporters like Mike Novogratz and Tim Draper believe it still has room for growth, with predictions of surpassing gold by market cap and potentially experiencing a 30X increase in price. Michael Saylor, co-founder of MicroStrategy, sees Bitcoin reaching $13 million in the long term.
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