Peter Brandt Raises Bitcoin Cycle Top Forecast to $300K-$600K by Late 2029

Brandt's revision matters less for its target than for its timing: a cycle top pushed to late 2029 implies a far longer runway than the four-year rhythm the market has traded on, which reframes how drawdowns like the one he flags get read. His XRP dismissal is the sharper signal — it rejects the utility-equals-value thesis that underpins much of the RWA and payments narrative. The open question is whether Brandt's longer-cycle framing gains traction among traders who have anchored on halving-driven timing.