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Bitcoin naysayer Peter Schiff recently voiced his disapproval of the US’s present high inflation rates. Saying that policies put in place before Biden was president are to blame. Since the consequences of Biden’s actions will not be realized for at least a few more months. Schiff pointed out that there
The cryptocurrency market has come under pressure due to the recent release of the U.S. CPI data. During…
Peter Brandt, who has been in the business for quite a long time, has come up with a…
Popular Bitcoin critic Peter Schiff dismisses claims of growing institutional interest in the maiden cryptocurrency. Schiffs challenging statement comes following the recent Bitcoin market sell-off which resulted in a 10% price decline on Friday. Related Reading: Market Expert Predicts When Bitcoin Price Will Reach Its Cycle Highs Peter Schiff Claims Little Institutional Demand For Bitcoin According to blockchain analytics platform Lookonchain, the German and US governments, and defunct crypto exchange Mt. Gox have moved a combined 17,788 Bitcoin valued at $1.08 billion to exchanges since June 19. In particular, the German government has sold parts of its BTC holdings every day since the start of July transferring out a substantial 3,000 BTC, worth around $175 million, on Thursday. The constant sell-off by the German and US authorities coupled with Mt. Gox repayments to creditors which are expected to be sold, soon resulted in massive selling pressure on BTC, forcing the tokens price down from $60,097 on Thursday to as low as $53,971 on Friday. Commenting on this event, Schiff stated in an X post on Saturday, that Bitcoins price slump demonstrated that the institutional demand for the market leader was overestimated. While the Bitcoin critic acknowledged that market sell-off contributed to the assets decline, he also emphasized the absence of a high institutional demand, which if existed, should jump at the chance to buy the massive amount of Bitcoin that has been sold. Schiffs comments are likely targeted at popular sentiments that Bitcoins institutional demand has been on the rise following the introduction of the Spot Bitcoin ETFs in January. Notably, the market leader embarked on an upward trend in the first quarter of 2024 rising to a new all-time high of $73,750, a development which coincided with the rapid growth of the Spot Bitcoin ETF market which hit a $10 billion trading volume in March. Related Reading: Bitcoin Woes Not Over? Analyst Predicts Further Crash To $47,000 Bitcoin Poised For Market Rebound, Analyst Says In other news, popular crypto analyst Rekt Capital has postulated that Bitcoin may be preparing for a market recovery following the recent price dip. In an X post on Saturday, Rekt Capital noted that Bitcoin closed its daily trading above $56,750 allowing the token to continue to remain within the range low area of $60,600. According to the analyst, if BTC continues to cluster around the price region, it could soon launch a price rebound reaching as high as $71,000. At the time of writing, the premier cryptocurrency continues to trade at $58,189 with a 2.45% increase in the last day. However, BTCs daily trading volume remains down by 63.35% and is valued at $20.61 billion. Featured image from Market Insider, chart from Tradingview
The Bitpanda spinoff offers Tradfi the advantages of blockchain and could soon provide investors with a host of new advantages.
Real Bedford FC expands its Bitcoin holdings with a strategic purchase of 66.9 BTC at an average price of approximately $67,220 per coin, reinforcing its commitment to crypto.
Many crypto community members noted that blockchains decentralized nature allowed them to continue running despite widespread outages across the global economy.
Renowned veteran Trader Peter Brandt sets a $92,579 price target for Bitcoin (BTC) amid the ongoing recovery push, calling attention…
The post Veteran Trader Brandt Sees Bitcoin Claiming $92,579 Amid Recent Bear Trap first appeared on The Crypto Basic.
Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions.
Peter Thiel also believes that Bitcoins original vision as a cypherpunk, crypto-anarchist freedom tool hasnt been fulfilled.
Market Veteran Peter Brandt calls attention to a head and shoulders pattern on the Ethereum chart, indicating higher chances of…
The post Peter Brandt Identifies Ethereum Head and Shoulders Top, Prices at Risk of Further Dips first appeared on The Crypto Basic.
Kusho World stressed that the partnership aims to establish the NFT collection as a flagship example within the web3 ecosystem by leveraging YEYs community and fandom features.
In what was billed as the "biggest bitcoin vs gold debate in history," and moderated by Ran of Crypto Banter, the event featured four financial heavyweights squaring off to argue the merits and flaws of bitcoin and gold as potential future stores of value and mediums of exchange.
In one corner were the bitcoin backers - Eric Voorhees, an early bitcoin adopter and founder of ShapeShift, and Anthony Scaramucci, founder of SkyBridge Capital and former White House spokesman. They championed bitcoin as a revolutionary, decentralized digital currency outside government control.
"Bitcoin is radical, it's rebellious, it's non-compliant, it's American," Scaramucci proclaimed. Voorhees added "Anything that moves the world away from centralized control of money to market-based control of money is something I would be in favor of."
In the other corner were gold advocates Peter Schiff, CEO of Euro Pacific Asset Management who famously predicted the 2008 housing crash, and economist Nouriel Roubini. They argued bitcoin has no intrinsic value and is essentially "digital fools gold."
"Bitcoin can't do anything that gold can do...You can't have digital gold, you can't make jewelry out of it," Schiff stated. Roubini bluntly called bitcoin "a damned speculative asset - that's it."
Schiff and Roubini repeated the same anti-crypto talking points they've been saying for the last 10 years... unfortunately, in 7 out of those 10 years Bitcoin outperformed all other investments.
How can anyone with a track record that includes 7 years of advising investors to avoid the most profitable investment still be taken seriously?
The intense 2+ hour debate covered a wide range of topics around modern monetary theory, inflation, the economic outlook, role of governments, and the fundamental value propositions of bitcoin vs gold.
Voorhees and Scaramucci made the case that bitcoin's fixed supply of 21 million coins and properties like pseudo-anonymity give it immense value as "a non-debasable monetary commodity." As Scaramucci said, "We took [the working class] from aspirational to desperation in 35 years" due to currency inflation.
However, Schiff and Roubini countered that bitcoin fails all the tests of being a true currency. "It's not a unit of account, not a scalable means of payment, and not a stable store of value...it can never be money," Roubini argued.
While no minds seemed changed by the intense back-and-forth, it encapsulated the broader ideological battle between bitcoin's freedom philosophy and gold's traditional role.
With bitcoin's market cap over $1.2 trillion, this debate is no longer hypothetical. Its outcome will shape monetary systems, investing, privacy and decentralization for years ahead.
I tried my best to summarize the debate that ran slight over 2 hours long, but if you want to see every minute for yourself, you can view an archive of the live stream on Crypto Banter's Youtube Channel.
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Author: Oliver Redding
Seattle Newsdesk /
In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by [...]
The post Top Analyst Predicts Bitcoin To Reach $150,000 In 2025 Heres Why appeared first on Crypto Breaking News.
In the last week, Bitcoin has shown much resilience bouncing back above the $60,000 zone after a significant decline to below the $57,000 price zone. As Bitcoin bulls gather momentum to possibly initiate the crypto bull run, top analyst and market expert Peter Brandt has backed BTC to attain a particular six-figure digit value by 2025. Related Reading: Bitcoin Relative Strength Jumps To 40%: 10x Research Reveals Next Steps From Here No Other Market Like Bitcoin, Brandt Says In a blog post on May 3, Peter Brandt shared some insights on Bitcoin in celebration of his 50th anniversary in future markets trading. The veteran analyst described his experience with the maiden cryptocurrency as a once-in-a-lifetime trade, never to be equaled. Bitcoin — the trade of a lifetime There has never been and never again will be another asset like Bitcoin $BTC Here is the perspective from my 50-year career as a professional traderhttps://t.co/fyHrGRRHLo pic.twitter.com/dwrBwtknqP Peter Brandt (@PeterLBrandt) May 3, 2024 Brandt states that Bitcoin is a unique asset in comparison to commodities such as gold, cattle, iron ore, copper, and even other cryptocurrencies such as altcoins and meme coins. He claims that BTC owes this uniqueness to its operational nature as well as its price behavior. Analyzing BTC price history, Brandt notes that the coin has repeatedly produced exponential gains in the past not seen with any other trading asset. And while these gains are followed by significant corrections, the overall price performance sets BTC apart from other assets. Another aspect of Bitcoins uniqueness as highlighted by Brandt is that the assets volatility is also evident in its downturns resulting in a decline of more than 50% and even 75%. Therefore, Bitcoin exerts a special ability to generate substantial profits while also causing significant losses. Now, following BTCs parabolic price nature, Brandt predicts the asset is on course to reach $125,000 by 2025. Interestingly, if the bulls maintain market control, the analyst believes Bitcoin could rise as high as $300,000 beyond 2026. Source: Peter Brandt on X Related Reading: Analyst Says Bitcoin Price Is Headed To $90,000, Heres Why BTC Price Overview At the time of writing, Bitcoin trades at $63,303 having encountered serious resistance in the $64,000 price zone. The maiden cryptocurrency currently looks to be in consolidation and could be preparing for another possible breakout. If Bitcoin embarks on a bull run, investors would be hoping for a return to its all-time high value of $73,750. However, in the advent of more selling pressure in the future, BTC could drop below $60,000 again. Nevertheless, Bitcoin remains the diamond of the crypto bull season with several analysts hyping the digital asset to trade above $100,000 within the next 12 to 15 months. BTC trading at $63,405 on the daily chart | Source: BTCUSDT chart on Tradingview.com Featured image from iStockphotos, chart from Tradingview
Bitcoin takes center stage as veteran commodities trader Peter Brandt celebrates his 50th trading anniversary. In a recent blog post, Brandt reflects on his journey spanning half a century in trading, observing the evolution of markets since 1971. For Brandt, whose initial trade involved futures contracts of pre-1964 Silver quarters and dimes, BTC represents a […]
Legendary trader Peter Brandt predicts the bitcoin-to-gold ratio could triple to 100 oz, implying a 230% bitcoin price increase to over $234,000.
The approval of spot Ether ETFs brings in another line of defense for Bitcoin, argues MicroStrategy founder Michael Saylor.
The Bitcoin price is flying high at the moment, having rallied to a new all-time high (ATH) of $111,800 on May 22. Now, crypto analyst Tony Severino has predicted that this rally is likely to sustain, with BTC reaching $120,000 at some point. Bitcoin Price To Reach $120,000 Following This Range Breakout In an X post, Tony Severino predicted that the Bitcoin price could reach between $116,000 and $120,000 following the breakout from the $106,000 range. This prediction came just before BTC surged past its previous ATH of $109,100 on May 21. The analyst asserted that the flagship crypto could witness a long, white candlestick leading to the rally to this range. Related Reading: Bitcoin At $118,000 Before June? Trader Reveals When As Weekly MACD Turns Bullish He had also warned that failure to break above the $106,000 range could lead to a retracement as lower timeframe momentum begins to wane. In another post, Severino explained why the range breakout was significant, noting that these breakouts in the Bitcoin price tend to offer a sustainable short-term trend to ride higher. He added that a valid range breakout should be supported by the RSI above 70 on the 3-day timeframe. The Bitcoin price currently boasts an ultra-bullish outlook, having rallied above the $110,000 mark and reached a new ATH of $111,800. Commenting on the surge to a new ATH, Severino admitted he was wrong about the bear thesis, stating that the macro fundamentals led over the technicals on this rally. The crypto analyst is confident that the Bitcoin price can go way higher. In his latest analysis, he revealed that BTCs quarterly just triggered a perfected TD9 Sell Setup. He added that the only other time this happened was in Q4 2017, which was the most bullish quarter in crypto history. Bitcoin eventually rose by over 350% above the candlestick open. If history were to repeat itself, Severino predicts that the move will be fast, violent, and over sooner than anyone can imagine. He noted that up appears to be the chosen direction, which is a positive for the Bitcoin price. A Golden Cross Is Incoming For BTC In an X post, crypto analyst Titan of Crypto stated that a golden cross is incoming for the Bitcoin price. He remarked that BTC is repeating the same pattern, with a Death Cross happening before the Golden Cross. The analyst added that the last time this happened, it triggered a major rally. Related Reading: Bitcoin Macro Trend Oscillator Shows When To Expect The Price Top In another post, Titan of Crypto predicted that the Bitcoin price could rally to as high as $135,000. He affirmed that the target is still play, with BTC likely to reach this price level this year. Meanwhile, veteran analyst Peter Brandt suggested that Bitcoin could rally to between $125,000 and $150,000 by August. At the time of writing, the Bitcoin price is trading at around $111,300, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Prices for bitcoin skyrocketed to the $97,000 level today, increasing more than 2% and closing in on the symbolic $100,000 level. The cryptocurrency is in its continuing surge that has gotten investors enthusiastic so far in 2025. Related Reading: Code Wars: Cardano Claims The Crown From Ethereum In Core Development Market Old Timer Forecasts Significant Price Target According to trading analyst Peter Brandt, Bitcoin may rise to $125,000 to $150,000 come late summer or early autumn. His forecast, made in social media posts a few hours prior to this report, is that the increase may occur in August or September 2025. This is based on Bitcoin successfully re-taking what Brandt refers to as its “parabolic trendline” a technical chart pattern which demarcated earlier price cycles. The prospective move from the present levels near $96,000 to Brandt’s higher target of $150,000 would amount to a 56% return for buyers at today’s prices. Hey @scottmelker If Bitcoin can regain the broken parabolic slope then $BTC is on target to reach the bull market cycle top in the $125k to $150K level by Aug/Sep 2025, then a 50%+ correction pic.twitter.com/WUUzxl0ckn Peter Brandt (@PeterLBrandt) May 1, 2025 Technical Analysis Indicates Multiple Patterns According to Brandt’s weekly chart analysis, Bitcoin is presently rising within what he sees as a bullish wedge formation. The cryptocurrency is also still within a long-term rising channel that has been holding price in check over the past few years. His chart also shows certain technical patterns that preceded Bitcoin price movements in history such as Head and Shoulders, Channels, and Expanding Triangles-all basic trends among technical traders. Timing In Accordance With Historical Halving Cycles The predicted high peak for Bitcoin in 2025 from August to September is in accordance with what has taken place after these past halving events. Those halvings reducing the rate of new Bitcoins created were always followed by price highs 12-18 months later. With the last halving occurring in April 2024, Brandt’s prediction is well within this likely timeframe. This association with Bitcoin’s supply dynamics makes some traders believe the forecast. Related Reading: Double Trouble Or Double Gains? Shiba Inu Shows Signs Of Reversal Amid Massive Burn Warning Of Severe Correction Following Peak Interestingly, the market expert has not merely predicted a high. Brandt believes Bitcoin could plunge dramatically, by more than 50%, after the top of its cycle, possibly taking prices all the way back down to $60,000-$75,000. While Bitcoin’s current price actions show strong upward momentum, seasoned investors know the market can change direction pretty quickly; 24/7 trading and worldwide participation has sometimes contributed to speed of execution and rapid price changes that would take unprepared traders by surprise. For the moment, however, Bitcoin’s race toward $100,000 is still attracting attention from longer-term believers and first-timers alike, hoping to cash in on what could be yet another historic run in cryptocurrency markets. Featured image from Unsplash, chart from TradingView
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