Trading Legend Peter Brandt Prefers Bitcoin Over Altcoins Calling Them Pretenders

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Mon, 12/09/2019 - 12:26
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Yuri Molchan
The old-school trading veteran Peter Brandt bashes Link and other ‘shitcoins’, saying Bitcoin is the only worthy one, while the community is trying to convert him
Trading Legend Peter Brandt Prefers Bitcoin Over Altcoins Calling Them Pretenders
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In the course of a recent discussion on Twitter, the old-school trading expert Peter Brandt got a question about a possible potential of Chainlink (LINK).

The trading legend replied that he does not bother speculating in ‘shitcoins’, saying that Bitcoin is the only digital asset worth discussing.

Peter Brandt prefers Bitcoin over altcoins

After posting a video with a Bitcoin price forecast, Brandt got a question from one of his readers about LINK. The reply the trader provided surprised and shocked people in the comment thread.

A Twitter user believes that Brandt is supporting only Bitcoin since he provides his content for the mainstream audience, hence the praise of the flagship crypto BTC and neglecting altcoins.

This is not the first time Mr Brandt has expressed a negative opinion about altcoins. Earlier, U.Today reported that the expert called them ‘cheap pretenders’. However, previously, he did make predictions on XRP and ETH prices.

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Bitcoin to hit $100,000 as per Brandt

On Sunday, December 8, U.Today reported that in his recent video, Peter Brandt stated that the long-term potential of Bitcoin allows it to finally reach at least $100,000 in the future.

However, as per his other recent forecast, a short-term one, the father crypto may turn bearish and plunge to the $5,300 area in summer next year.

Many in the community though hope that by that time the BTC price will, on the contrary, surge, since in May 2020 the third Bitcoin halving is to take place.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.