Peter Brandt Predicts Bitcoin Could Reach $250,000 or Drop to $60,000
Crypto trader Peter Brandt suggests that Bitcoin could potentially reach $250,000. He emphasizes possibilities over probabilities in his analysis.
- Brandt, a proponent of Bayesian thinking, considers both upward and downward price movements for Bitcoin.
- He mentions macroeconomic factors influencing BTC's potential rise to $250,000 and acknowledges it could also fall to $60,000.
- The current Bitcoin price is $108,301.34, with a 0.49% increase in the last 24 hours, according to CoinMarketCap data.
- This prediction resonates with Cardano founder Charles Hoskinson's earlier forecast, citing tech firms' interest as a growth catalyst.
- Brandt is open to taking either long or short positions based on Bitcoin's market direction.