TREE NEWS reports: Veteran trader Peter Brandt said Bitcoin could peak between $300,000 and $600,000 by 2029, and described an October pullback as a possible buying opportunity ahead of that cycle top. He also dismissed XRP as a “fool coin.”
Peter Brandt Says Bitcoin May Hit $600K by 2029, Calls XRP a ‘Fool Coin’
Brandt's long-horizon target is less a forecast than a framing device: it implicitly treats the current drawdown as noise within a multi-year cycle, which is a familiar posture among long-time chartists but carries little weight for positioning today. The sharper signal is his dismissal of XRP, which reinforces the persistent split between Bitcoin-maximalist technical analysis and the broader altcoin market. Whether that divide widens or narrows into the next cycle is the open question, particularly as regulatory clarity around non-Bitcoin assets continues to shift.
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