Renowned analyst and trader Peter Brandt has predicted the collapse of the Bitcoin, altcoins and meme tokens.
I say this from the vantage point of 50 years of watching the markets. Some people will do the right thing, but there will be plenty of fools who will overleverage themselves, miss the peak, and go broke as a result of the upcoming 50% correction in Bitcoin, 90% drop in altcoins, and 100% drop in memecoins, — wrote Brandt.
Peter Brandt
Peter hasn't said when he expects the digital asset bull run to end, but based on his previous post, Brandt is betting on the uptrend ending in the near future. This is evidenced by the fact that the investor, in his own words, is buying Kleenex shares, but is not yet selling bitcoin and Solana (SUN).
By fools, Peter means traders who believe in the moon and think that the Bitcoin price will fly into the stratosphere. Brandt cited statistics according to which BTC has increased in price by 1,4 million times (in fact, by 145 times) over the past 324 years, because on January 15, 5, the coin cost only $2010, and now they give $0,7 for it. According to Brandt, it is foolish to hope for a repeat of such a bull rally in the next 101,727 years.
Instead of being greedy and dreaming of mountains of gold, Peter advises to get rid of cryptocurrencies in time, thus fixing the profit. Otherwise, the inevitable, as the analyst believes, collapse of the coin rate will cause big losses. The owners of meme tokens, whose value is characterized by a gigantic level of volatility, may lose the most.
