2020 is a really strange year, which is culminating with an economic crisis around the whole world.
In such as scenery triggered by the coronavirus pandemic, it’s really important to know what to do with our money and where’s the best place to invest.
Peter Brandt reveals outlook on BTC, XTP and the stock market
Peter Brandt is a veteran trader with over 30 years of experience in the markets.
He’s now revealing his outlook on BTC and XRP along with the recommended investment strategy for the next-gen.
It’s also important to note that he’s popular also for calling the start of BTC massive reversal back in 2018 after BTC hit almost $20k.
As you know by now, back in March, the king coin dropped to a low of $3,150 and after that it managed to recover and surged back to around $9,300.
At the moment of writing this article, Bitcoin is trading in the green, and the coin is priced at $9,389.69.
Brandt says he believes Bitcoin is a buy.
He revealed the long-term strategy for building wealth that he recommends to family members, according to the latest reports coming from the Daily Hodl.
Bullish on Bitcoin and tech stocks
He placed BTC on his list of top investments and says he’s bullish on tech stocks in the long run.
“I will give you the same advice I give my X Gen children and M Gen nephews and nieces. Buy a home – any home, but get into the housing market. Work two jobs if you need to,” Brandt said.
He continued and explained this: “Invest 10% of what you can afford in BTC. Invest monthly in quality tech and value stock ETFs.”
Not too long ago, he was saying that BTC is getting ready for a bull run that would take the digital asset to $100k.
General TA rule — violation of parabolic advance leads to 80%+ decline in value. If general rule is followed, BTC should retrace to <$4,000. Note: This Tweet does not make me a hater. pic.twitter.com/jDNI1osinU
— Peter Brandt (@PeterLBrandt) January 22, 2018
He also mentioned XRP and said that he’s wary of the coin: “Don’t place your faith in XRP.”
Perhaps I will do a series of Tweets on the financial advice I give my Gen X and Gen M children, nieces and nephews
Item 14 Don’t place your faith in XRP
Item 22 Forget your fancy swirls at Starbucks. McDonald’s coffee is from good Latin American beans. Coffee expenses add up— Peter Brandt (@PeterLBrandt) June 19, 2020
At the moment of writing this article, XRP is trading in the red and the coin is priced at $0.187270.
