Peter Brandt: "Bitcoin will be at the top of the food chain" – Bits Media

The famous trader and veteran of the financial industry considers, that over time, the first cryptocurrency will become a leading investment asset.

Peter Brandt (Peter Brandt) stated, that someday bitcoin will “get out of the shadow” of more traditional investment assets, like shares and gold. Moreover, If now they talk about the correlation of the BTC course with the courses of these and other financial assets, then in the future it is bitcoin that will set the tone in the financial market.

“BTC correlation with other markets will be impossible. Bitcoin will stand on the top of the food chain, And this is the only thing, what will be of meaning. It will not be important, How BTC correlates with gold, promotions, economy or something else. Important, How all these things will be correlated with bitcoin ", - wrote on Twitter trader.

Peter Brandt emphasized: American regulators will definitely approve of the launch of spotal ETF on bitcoin. truth, The analyst thinks, Such approval can exert pressure on bitcoin:

“The inevitable approval of ETF on Bitcoin in the United States will not be news, Halving BTC will not be an event. For 48 years of speculation, I have always been convinced, that the markets take into account events before, How they happen. Always follow the saying ”Buy on rumors, Sell ​​on facts ””.

In May, Peter Brandt spoke, that bitcoin can significantly fall in price before a new jerk upward.