Peter Brandt Says Bitcoin Could Reach $600,000 by 2029, Sees Limited Impact From Further Rate Hikes
JH Kim
Summary
- Peter Brandt said Bitcoin (BTC) could reach $600,000 by 2029.
- Brandt said further interest-rate hikes would have only a limited impact on the Bitcoin price.
- Brandt said XRP is inexpensive for transaction use but was negative on it as an investment asset, describing it as a "fool's coin."
Forecast Trend Report by Period
Veteran trader Peter Brandt said Bitcoin could reach $600,000 by 2029.
Cointelegraph reported on September 25 that, in an interview, Brandt outlined his outlook for Bitcoin and said further interest-rate hikes would have only a limited impact on its price.
On XRP, Brandt acknowledged that it is inexpensive to use for transactions. He was negative on it as an investment asset, calling XRP a "fool's coin."
Brandt cited Bitcoin's long-term upside, but did not spell out the specific conditions needed for his $600,000 target by 2029 to be realized.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.