Bitcoin dollar crash is coming. Peter Brandt warns of a 50 percent correction. Peter Brandt, a veteran trader with more than 50 years of experience, warned bitcoin traders of significant market risks. Brandt emphasized the dangers of over-borrowing and unrealistic expectations, and urged traders to prepare for a potential market correction.
Mr. Brandt suggested that #bitcoin could fall by 50% and its value could be around $BTC Peter Brandt, a veteran trader with more than 50 years of trading experience, said that Bit Coins (BTC) has warned dollar traders that the #cryptocurrency industry faces risks. He emphasized that the dangers lie in excessive leverage, lack of preparation and the need to manage expectations. Brandt believes that without proper precautions, traders could lose a lot of money during the next bitcoin rate correction. "If you look at the trajectory of bitcoin from $0.07 in 2010 to about $98,000, there has been a 1.4 million-fold increase, Brandt said. However, he cautions against assuming that the exponential growth will continue indefinitely, given that bitcoin's current market capitalization is $1 trillion. Despite the success, Mr. Brandt says traders should consider the possibility of a significant market decline.
According to him, the price of Bitcoin USD could fall by 50 percent, which would value it at around US$49,800. #Altcoins and #meme tokens could fall even further, he said, potentially by 90 percent or even more. However, Mr. Brandt said, we should stop predicting these crashes and prepare for them with a sound risk management strategy.
Throughout bitcoin's bull cycle, Mr. Brandt noted the declining returns. He called this trend "degeneration of scale, suggesting that future returns will not match past performance. He went on to say that many bitcoin investors, especially younger ones, are overly optimistic about bitcoin's growth potential.
He noted that choosing the right underlying stocks is a challenge, but said that individual stocks have He noted that individual stocks could outperform bitcoin over the next five to ten years.
Mr.
Read us at: Compass Investments
