A veteran trader speaks up: Bitcoin at $600,000, XRP is a fool’s coin — I did the math
The veteran trader Peter Brandt has once again made noise these past few days: before 2029, Bitcoin will touch $600,000—and in the process, he’ll crush XRP into a “fool’s coin.” First, let me clarify who this person is: he’s not some random influencer shouting numbers. He’s a long-time trader with two decades of live-trading records who dares to take public hits when he’s wrong.
Now, let’s look at the numbers. BTC’s current price is $83,324. Hitting $600,000 is 7.2x. In a little over three years, that trajectory looks tight on the timeline—and my first reaction is that the schedule is too aggressive, though I’m not necessarily against the direction.
The real information is in how he talks about XRP: on that day XRP fell 1.5%. On Binance, XRP spot saw $280 million in trading volume over 24 hours (in U). Money is still moving in and out, but the price is being held down—not that nobody’s playing, it’s just that capital isn’t really willing to push it higher.
Brandt’s main point is basically one thing: nothing new is landing; everything is being propped up by emotion. That’s a harsh way to put it, and I wouldn’t say he’s entirely wrong. At the same time, Morgan Stanley is setting up an internal digital-assets lab to test crypto product lines. DeFi Development Corp also added another 47,700 SOL, and the company treasury has piled up to over 2.5 million SOL. Traditional institutions are putting things on the table. Meanwhile, XRP is still telling the same old story. Whether something is real or just talk—you don’t need me to point it out.
My take: when Brandt calls for $600,000, I’m half-believing and half-checking the math. His direction is often right, and his timelines are mostly treated as optimistic buffer. I’m keeping this number in my notebook, but I’m not turning it into a faith.
As for the XRP line, I agree even more: what kills a coin is never the bears—it’s that it can’t deliver new things.
On Binance spot the same day, BNB fell 2.1% and closed at $753.6. Over 24 hours, trading volume was $97 million. The drop was decisive, and yet no one came out yelling a target price. Where the money is going is written on the chart clearer than anywhere else.
“Mao’s little dog” belongs to the camp from later on: no price-calling, no joining the shouting match. The fanbase stays there, and it’s all about not charging ahead blindly. With this kind of market, I’m most impressed by a solid base.
In the first week of October, I’m watching two things: will Brandt change his tune on his own, and will XRP’s money keep bleeding out? Then we’ll come back and compare answers.
🐶 Come check out Mao’s little dog ✨🚀
The veteran trader Peter Brandt has once again made noise these past few days: before 2029, Bitcoin will touch $600,000—and in the process, he’ll crush XRP into a “fool’s coin.” First, let me clarify who this person is: he’s not some random influencer shouting numbers. He’s a long-time trader with two decades of live-trading records who dares to take public hits when he’s wrong.
Now, let’s look at the numbers. BTC’s current price is $83,324. Hitting $600,000 is 7.2x. In a little over three years, that trajectory looks tight on the timeline—and my first reaction is that the schedule is too aggressive, though I’m not necessarily against the direction.
The real information is in how he talks about XRP: on that day XRP fell 1.5%. On Binance, XRP spot saw $280 million in trading volume over 24 hours (in U). Money is still moving in and out, but the price is being held down—not that nobody’s playing, it’s just that capital isn’t really willing to push it higher.
Brandt’s main point is basically one thing: nothing new is landing; everything is being propped up by emotion. That’s a harsh way to put it, and I wouldn’t say he’s entirely wrong. At the same time, Morgan Stanley is setting up an internal digital-assets lab to test crypto product lines. DeFi Development Corp also added another 47,700 SOL, and the company treasury has piled up to over 2.5 million SOL. Traditional institutions are putting things on the table. Meanwhile, XRP is still telling the same old story. Whether something is real or just talk—you don’t need me to point it out.
My take: when Brandt calls for $600,000, I’m half-believing and half-checking the math. His direction is often right, and his timelines are mostly treated as optimistic buffer. I’m keeping this number in my notebook, but I’m not turning it into a faith.
As for the XRP line, I agree even more: what kills a coin is never the bears—it’s that it can’t deliver new things.
On Binance spot the same day, BNB fell 2.1% and closed at $753.6. Over 24 hours, trading volume was $97 million. The drop was decisive, and yet no one came out yelling a target price. Where the money is going is written on the chart clearer than anywhere else.
“Mao’s little dog” belongs to the camp from later on: no price-calling, no joining the shouting match. The fanbase stays there, and it’s all about not charging ahead blindly. With this kind of market, I’m most impressed by a solid base.
In the first week of October, I’m watching two things: will Brandt change his tune on his own, and will XRP’s money keep bleeding out? Then we’ll come back and compare answers.
🐶 Come check out Mao’s little dog ✨🚀
