THE SHOCK BITCOIN ANNOUNCEMENT AND #BTC EFT CONFIRMATION FORECAST FROM LEGENDARY TRADER PETER BRANDT

The shock Bitcoin announcement and BTC EFT confirmation forecast from legendary trader Peter Brandt

Famous trader Peter Brandt attracted attention with his explanation about Bitcoin. The senior analyst of the years also says that the approval of the BTC ETF is inevitable. Let's look at the details of his explanation.

The shock Bitcoin announcement and BTC EFT confirmation forecast from legendary trader Peter Brandt

Peter Brandt, an expert trader for many years, gained fame in the cryptocurrency sector by correctly predicting the collapse of the Bitcoin (BTC) price in 2017. Now he says that in the long run Bitcoin will have a position above all assets.

Brandt told his 696,800 followers on Twitter that Bitcoin will eventually get rid of the position of being an asset under stocks and gold. In the past years, the price of BTC has attracted attention with its correlation with the price of these two assets. According to the legendary trader, Bitcoin will break the bond here.

The famous trader takes the prediction a step further. According to him, after enough time has passed, Bitcoin will begin to play a decisive role in other asset classes as well. He explains as follows:

“The correlation of BTC with other markets will not be permanent. BTC will settle into a position above all assets. That's the only thing that's important here.

The correlation of Bitcoin with other assets, gold, stocks, economics and others does not matter. After a certain period of time, it will be important how all this will correlate with Bitcoin.”

The approval of the Bitcoin ETF is final

bitcoin etf

Brandt also says that it is only a matter of time before regulators in the United States approve the Bitcoin exchange-traded fund (ETF) product. Despite this, he says that the news of the ETF approval will also trigger a wave of selling.

He has similar views about the Bitcoin halving event expected in April 2024. #Binance #crypto2023