The veteran commodity trader and analyst, who became famous in the crypto market for his Bitcoin predictions, is showing interest in a key altcoin segment of the market. The analyst shared his enthusiasm for Non Fungible Tokens (NFT).
Peter Brandt has embraced this altcoin industry!
Famous commodity trader Peter Brandt’s enthusiastic tweets about NFTs are surprising his followers. Earlier this week, Brandt sparked heated debate about the state of the industry, saying that some NFT projects will achieve this. On Sunday, the veteran trader suggested that NFTs have now managed to go beyond simple JPEGs. In this context, he revealed his very progressive stance.
In addition, Brandt noted that some projects have managed to improve their functionality and benefits. It remains unclear what exactly Brandt is warming to NFTs, given that he has been extremely skeptical of the latest cryptocurrency spree in the past. Because in May, Brandt compared NFTs to Beanie Babies and Pet Rocks. He described NFTs as ‘stupid’ in February.
Now, Peter Brandt has asked his followers to send him their favorite NFTs. The NFT community has responded enthusiastically by sharing various pictures of NFTs, including The EtherRock, which was purchased for 888 ETH in 2021.
Shill me your favorite NFT
— Peter Brandt (@PeterLBrandt) October 20, 2022
The famous Bitcoin forecaster had quite underestimated these altcoin projects in the past. So the negative attitude towards NFTs is no surprise. However, it seems that the analyst has now accepted the promise of the technology. Some of the NFT altcoin projects have become quite popular. Some of them are: Bored Ape Yacht Club, CryptoPunk, Everydays, Azuki, Otherdeed for Otherside, Renga and Moonbirds.
Bitcoin confession from Peter Brandt
By the way, cryptocoin.comAs you follow, Brandt admitted in early October that he was among those who could not have predicted that Bitcoin would drop below the $20,000 mark in 2021, when crypto twitter was caught in the “Bitcoin laser eyes” frenzy.
As you may recall, back then, everyone was busy adding ‘laser eyes’ to their avatars. Many analysts and traders expected Bitcoin to reach $100,000 in the near future. A major factor in this was the fact that Bitcoin reached a historic high of close to $69,000 in November last year. However, the leading cryptocurrency has dropped 72% from its peak. Now it’s struggling to stay above $19,000.
Bitcoin maximalist Michael Saylor also took his place among the celebrities who joined the “laser eyes” family. Saylor claimed that Bitcoin was a superior asset to anything else in the financial markets. We remember the famous trader John Bollinger with Brandt and his criticism of the “laser eyes” movement. He disagreed with the BTC maximalists and pointed to the “dangers of dogmatic thinking”. However, Peter Brandt replied that he never expected to see Bitcoin below $20,000 again.
