Senior investor Peter Brandt has something to say about the next generation of traders. Seeing that investors are moving away from Bitcoin and altcoins, the analyst weighs what will happen in the coming months.
Peter Brandt addressed Bitcoin investors, saying what’s going to happen in the coming months
Crypto analyst Peter Brandt is among those who think the current generation of traders is all about money. According to him, most investors lack plans to trade or recover capital. The new generation of traders “buy to get to the moon and lose their hard-earned money as a result”. So Brandt likens these traders more to gamblers who don’t know the fundamentals of the markets and how to protect their capital.
The current market crash has caused many people to talk about the future of the industry represented by investors and analysts. Over the years, many crypto enthusiasts have emphasized the importance of following experts even in the face of adverse market conditions. These fanatical investors are called maximalists. For example, Bitcoin is the most popular cryptocurrency among maximalists. To this class of investors, cryptos are not just about money, they are an asset about technology and the future.
“Now, that mentality seems to be changing with the next generation of traders
This thesis belongs to popular investor Peter Brandt. In a tweet, Peter explains that for every generation of trader, there is always a eureka moment when they realize what really matters to them. In this sense, existing investors don’t care any more about protecting their capital. In the tweet below, the analyst says:
There is a big “aha” moment for every generation of trader. The awakening for this generation is that protecting capital is more important than being a maximalist. This will be even more true for NFT, BTC, ETH in the coming months.
The largest NFTs Brandt pointed to have lost more than 30% since last week. As Kriptokoin.com , the NFT market is under heavy selling pressure:
- Flow (FLOW): 38.9%
- Decentraland (MANA): 21.3%
- Theta Network (THETA): 10.7%
- Axie Infinity (AXS): 30.8%
- The Sandbox (SAND): 36.2%
For every generation of traders there is a huge "aha" moment. For this generation the awakening is that protecting capital is more important than being a maximalist. This will become even more true in months ahead #8hitcoins $NFTs $BTC $ETH
What good is the moon when no money? pic.twitter.com/d8GIuJo0eB— Peter Brandt (@PeterLBrandt) June 15, 2022
Investors move from Bitcoin and altcoins to stablecoins
In line with this fact, stablecoins have been a major focus lately as investors seek to transform their cryptocurrencies into a more stable form. USDC and BUSD are gaining more attention due to their proven record of stability. Thus, stablecoins meet the investors’ search for a safe haven.
With the market falling, it is still unclear whether these investors will want to take advantage of the new opportunity and buy at the bottom. In this case, they will keep their capital intact due to the price drop. They will also have the opportunity to buy more at lower prices. That’s why Peter Brandt wants investors to protect their capital.
It’s not all about money anymore
While buying and hodling crypto is touted as the way to go, the current generation does not fully understand the inherently volatile nature of the crypto market. Therefore, they see the market only as an opportunity to make a profit. Many cryptos are excited about going to the “moon” in terms of price. That’s why investors rush them into the market, hoping to make a profit when prices rise. As a result, there are huge capital losses for big bucks. So Peter said, “What good is the moon when there’s no money?” says
