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Trader Peter Brandt Says Bitcoin Has Joined Big Leagues

Thu, 25/03/2021 - 5:59
Peter Brandt believes that Bitcoin is now in the same league with gold and the U.S. dollar
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Trader Peter Brandt Says Bitcoin Has Joined Big Leagues
Cover image via www.peterlbrandt.com
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Veteran trader Peter Brandt says that Bitcoin is already in the "big leagues" in his recent tweet. 

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The chartist says that there is roughly $2.1 trillion U.S. dollars in circulation while officially held gold reserves stand at $2.2 trillion. 

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Image by @PeterLBrandt

Bitcoin would only need to double its price to reach these numbers at this point.        

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As reported by U.Today, a Deutsche Bank analyst recently concluded that Bitcoin was "too big to fail" after its market cap surpassed $1 trillion.   

Yet, the cryptocurrency continues to have many detractors who predict its demise, which is why Brandt notes that he has never seen an asset with such "strong binary options."   

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Last updated: Just now
USD Vol: $ 1.46 B
Mkt Cap: $ 1,879.55 B
All Vol: $ 15.20 B
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