Bitcoin (BTC) Has Massive Potential To Hit $300,000, Says Peter Brandt

The Bitcoin-related price predictions seem to be intensifying these days after the most important coin in the market surged so much.

Since April, BTC surged a lot, and it’s currently trading in the red on CoinMarketCap. It’s priced at $7,898.57.

To be more precise, since the beginning of April this year, the most important coin in the crypto market was able to surge from $4,200 to a new peak for this year of $8,350.

This was a gain of 100%, and it seems that the coin is now gearing up for another surge.

Peter Brandt says BTC can hit $300k

Now, the strategist whose popularity surged to the moon after he called Bitcoin’s crash back in January 2018 said that he believes investing in BTC is now a no-brainer with massive upside for smart traders.

The Daily Hodl reported that Peter Brandt told  BLOCKTV Bitcoin has a 50% chance of total failure and a 50% chance of entering a new parabolic rise that could bring the price of BTC from $50,000 to $300,000.

“I think were going to $50,000, but I don’t know when. Here’s how I look at it: I’m a gambler. And I don’t know anything about BTC. But I don’t have to know anything about football to bet on the New England Patriots. I could be a rugby player and bet on that,” he said.

1 - Bitcoin (BTC) Has Massive Potential To Hit $300,000, Says Peter Brandt

He continued and explained, “And so I look at Bitcoin, and I say there’s a 50% chance it goes to 0 – it becomes worthless – that the whole narrative is a big scam. But there’s a 50% chance we could go parabolic again. And if we go parabolic again, we can go up to $300,000.”

Brandt also said that it’s a no-brain decision from a trader’s point of view because it’s an asymmetrical trade.

He said that if you manage the trade correctly, there’s a relatively low downside risk.


Companies Mentioned

CoinMarketCap
CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

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