Analyst Peter Brandt, known for his mostly negative comments about Bitcoin and the crypto money market, once again came to the fore with his BTC tweet.
Sharing on Twitter, Brandt expressed his opinion on the latest agenda of the Bitcoin market. The anti-crypto phenomenon has tapped into halving and spot Bitcoin ETF applications.
Three things I believe about Bitcoin
1. The inevitable OK of a $BTC ETF in U.S. will be non-event
2. BTC halving will be a non-event
Markets discount in advance
3. BTC's correlation to other mkts is a non-starter. BTC will be top of food chain. That's the only thing that matters pic.twitter.com/2l0CxAyZ4T— Peter Brandt (@PeterLBrandt) July 27, 2023
The famous phenomenon’s comment on the cryptocurrency agenda once again did not surprise anyone. Brandt claimed that if spot BTC funds in the US are accepted, this event will not have an impact on the price. The anti-crypto name made a similar comment for the halving, which will take place next year. Peter Brandt stated that the expectation of halving is unnecessary.
Halving, which will halve the rewards Bitcoin miners earn per block, will take place in 2024. The famous analyst, on the other hand, defended the criticisms against his pessimistic expectations with a market belief:
“For over 48 years, I have faced a lot of speculation. After the “biggest” events, prices have always moved down. Expectations are bought, news is sold.”
The leading cryptocurrency currently finds buyers at $29,215.
