Crypto Can Hopefully Bail Out Financial System: Savvy Trader Peter Brandt

Savvy commodity trader Peter L. Brandt who often shares charts on Bitcoin, Ethereum and other cryptocurrencies, has taken to the X social media platform (formerly popular as Twitter) to send congratulations to the whole community of Bitcoin holders and owners of other digital currencies. In his tweet, Brandt also mentioned the growing U.S. state debt and the progress that crypto represents – something that gold bulls cannot grasp.

Besides, he revealed the secret of what, or rather who, inspired him to hold on to his Bitcoin stash and avoid selling it.

"Hopefully crypto can bail out the system"

Peter Brandt congratulated all holders of Bitcoin and other cryptocurrencies, who view them as “the bottom layer of the world's future monetary systems.” Brandt also stated that the “Post WW1 War” generation and generation X have been “at the helm for the Great US Debt Disaster,” and that they are responsible for unloading this debt on generation M and Z.

Brandt seems to be confident that perhaps crypto could be a solution to the constantly growing U.S. debt, saying “here is something revolutionary going on with crypto,” and even gold bulls cannot fathom it. However, younger investors clearly understand it.

The trader expressed a hope that cryptocurrencies will be able to “bail out the system,” or at the very least generate “incredible wealth” for a young generation of investors. For this post, Brandt changed his X avatar, adding “laser eyes” to it, which means he is part of the Bitcoiners’ community that believes BTC will surge to $100,000 one day.

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Here's why Brandt holds his BTC

In a tweet published later, Peter Brandt tagged prominent Bitcoiner Tuur Demeester. Brandt revealed that thanks to this man and his “steady and calm guidance,” he has held most of his Bitcoin stash “through the ups and downs.”

Besides, according to Brandt, it was Demeesteer who reassured him of the foundational value of Bitcoin. Brandt thanked him for this: “I greatly appreciate your friendship and wisdom.”

Over the past 24 hours, the global flagship cryptocurrency has gained momentum to surge by approximately 10%, reaching the $62,750 high. On its way there, Bitcoin surged higher, topping $64,000 for a brief moment before being pushed back down.