Bitcoin May Reach $250,000 by 2029, Says Veteran Trader Peter Brandt, But Only After a Market Bottom Later This Year
Veteran trader Peter Brandt anticipates that the price of bitcoin will soar to $250,000 by 2029. However, this significant increase will only occur after the market has completed a lengthy bottoming process, which could potentially last until September 2026. This prediction aligns with the historical pattern of bitcoin's four-year mining reward halving cycle, which has consistently influenced tra…