The crypto community can sometimes be harsh on its influencers—especially when they think that their favorite coins might go down sooner or later.
In one of his latest tweets, veteran trader Peter Brandt stated that he is looking to buy more Bitcoin once it reaches $53,000. The crypto community assumed that Brandt was calling the next Bitcoin move. Bitcoin has already dropped to $58,300.
In addition to Bitcoin, Brandt attached an Ethereum chart with the visual prediction on Ethereum, which he is looking to buy once it reaches $4,030. The predicted Ethereum price correlates with the previous local top reached in September.
Charts of interest to me— Peter Brandt (@PeterLBrandt) November 15, 2021
I am interested in buying $BTC around $53,000 and $ETH around $4,030 pic.twitter.com/neTqSkEFOR
Right after getting negative comments from Bitcoin and Ethereum holders, Brandt clarified that he is not a bear and is not looking to short Bitcoin or Ethereum and is only sharing his thoughts on the current market situation.
Shortly after, Brandt has posted a Tweet saying that he will take a break from the cryptocurrency markets and focus on traditional markets like commodities and equities since the communities around them, according to Brandt, are more "adult."
I'm taking a break from Tweeting about cryptos $BTC— Peter Brandt (@PeterLBrandt) November 15, 2021
Will focus comments on such markets as T-Notes, Wheat, Silver, equities
It's time for me to spend more time in an audience with adult manners and thoughts
While Brandt does not seem to be happy with the behavior of cryptocurrency community members and refers to them as less adult and profane, the average investor's age in both the crypto and equities communities is actually not the same with equity market participants being six years older than crypto enthusiasts.