Peter Brandt, a veteran dealer and one of many outstanding crypto specialists, has forecasted that Bitcoin will attain the $200K value level solely in 2029, ruling out the potential of BTC breaking above $200K earlier than Q3 2025. He denied the near-term expectations for BTC amidst the crash and made a daring assertion concerning its future rally. On November 21, Peter Brandt made his assertion by his official X account, difficult different specialists and crypto leaders who consider in BTC’s capability to hit an earlier main milestone. 

Peter Brandt posted on his X account that he was a long-term bull on Bitcoin. He said that the dumping was the perfect factor that might occur to Bitcoin. He talked about that the subsequent bull market in Bitcoin ought to take them to $200,000 or so and that it ought to be round Q3 2029.

In his current X submit, he challenged outstanding figures within the cryptocurrency sector, Arthur Hayes and Tom Lee, who predicted earlier that Bitcoin would hit no less than $200,000 by the top of this 12 months. Brandt’s view clashes with predictions from Coinbase CEO Brian Armstrong and ARK Make investments CEO Cathie Wooden, who anticipate Bitcoin to hit $1 million by 2030, roughly 5 instances above his estimate.  

Cryptocurrency fans are monitoring market circumstances, with some merchants arguing that Bitcoin has misplaced its relevance. An X account named Zip commented on Brandt’s submit that Bitcoin had run out of relevance.

He thought that they had been all in for an enormous shock because the crypto market shifted in direction of cash that really had utility. He added that Bitcoin had had a very good run however that nothing was eternally. He additionally claimed that Bitcoin is bleeding out as a result of it has no use and isn’t suitable with the brand new crypto. 

Peter Brandt additionally forecasted XRP’s value again in October and posted on X. In his X submit, he revealed that XRP might fall as little as $2.2, and he defined it utilizing a value analytics chart by highlighting a traditional descending triangle.

The altcoin failed to carry above $3 later regardless of ETF-driven optimism, and  XRP is at present buying and selling beneath $2.00, valued at $1.90 on the time of writing.  

Bitcoin Is On The Verge Of Repeating The Nineteen Seventies Commodity Sample? 

Brandt in contrast the present Bitcoin construction to the soybean market of the Nineteen Seventies, which skilled a large surge earlier than it fell by 50%. The availability of soybeans overwhelmed the demand, and the market fell. In his comparability, BTC can also be demonstrating the early phases of that historic drop suffered within the Nineteen Seventies.  

In line with present market statistics, BTC is buying and selling beneath $90K with a 12% drop over the previous week. BTC value as we speak is $83,515, at present reviving slowly from the $80,537 recorded on Nov. 21, the second when holders panicked and mounted promoting stress.

The entire cryptocurrency market capitalization has additionally skilled a big downturn in November 2025. In line with the newest data, in November, the whole cryptocurrency market capitalization fell beneath $3 trillion, reportedly shedding over $1 trillion in worth since early October. The professional evaluation concludes that a number of macroeconomic and technical components are driving this decline.

His prediction has incited heated debates within the cryptocurrency market, and he even encountered retaliation from the crypto group. As a response, he posted on X stating that he was now executed posting about Bitcoin to public in the intervening time because of the quantity of trolls. He talked about that X had change into a poisonous place to hang around and that he would now return to his old flame, which was the futures markets he had traded for a residing since 1975.