🧵 1/5: Trader Peter Brandt predicts Bitcoin's dominance over other assets, detached from correlation with stocks and gold. It will be at the top of the food chain. #crypto
🧵 1/5: Trader Peter Brandt predicts Bitcoin's dominance over other assets, detached from correlation with stocks and gold. It will be at the top of the food chain. #crypto
🧵 2/5: Brandt believes the US will eventually approve a BTC exchange-traded fund (ETF), but expects it to be a sell-on-news event.
🧵 3/5: Brandt views the upcoming Bitcoin halving in April 2024 as a non-event, as markets tend to discount future events. It may be a "buy the rumor, sell the fact" scenario.
🧵 4/5: Brandt suggests Bitcoin's current consolidation indicates a flag pattern, implying a continuation of the upward trend.
🧵 5/5: At the time of writing, Bitcoin is trading at $29,322.
🧵 Read more at: https://dailyhodl.com/2023/07/30/legendary-trader-peter-brandt-says-bitcoin-will-be-top-of-food-chain-predicts-inevitable-approval-of-btc-etf/
Brandt rehashes every cliche answer that has been given for the last decade on Bitcoin so they can hit their content target.
Why do they have a content target?
BECAUSE CONTENT HAS VALUE AND THEY ARE PRINTING MONEY FOR THEIR OWNERS VIA ADVERTISING AND OTHER COMMERCIAL DEALS!!