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Veteran Trader Peter Brandt Envisions Bitcoin as the Dominant Asset Class



Veteran trader Peter Brandt, known for accurately predicting the 2017 Bitcoin collapse, foresees Bitcoin becoming the dominant asset class in the long term, surpassing stocks and gold. He believes Bitcoin_s correlation with other markets is insignificant, emphasizing that what truly matters is how other assets correlate with Bitcoin. Brandt predicts that US regulators will eventually approve a spot-based Bitcoin exchange-traded fund and the upcoming Bitcoin halving in April 2024, but he anticipates these events to have little impact on the market, with investors likely "buying the rumor and selling the fact."
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