- Veteran trader Peter Brandt predicts that Bitcoin will reach $250,000 by 2029.
- The short-term outlook suggests price fluctuations between $47,000 and $80,000.
- The argument is based on the cycle halving, not short-term hype.
Peter Brandt has called for a $250,000 allocation in Bitcoin, but he does not believe this path will be smooth. In fact, his attitude borders on frustratingly patient, as he expects months—or even over a year—of stagnation or even declines before any meaningful progress is made.
For someone with nearly 50 years of trading experience, this restraint often carries more weight than the usual get-rich-quick predictions.
The bottom is expected to be prolonged and volatile.
According to Brent, Bitcoin may range between $47,000 and $80,000 for much of 2026 without a clear direction. Such an environment is often more exhausting than a crash, as it is slow, uncertain, and frankly, draining for traders.
He does not rule out the possibility of the stock price falling back above $40,000, which could shake market confidence again before a true recovery begins.
The halving cycle remains the driving force behind this argument.
What sets his prediction apart is that it is based on Bitcoin’s historical cycle behavior rather than market sentiment. After the April 2024 halving, Bitcoin followed its familiar pattern, reaching a peak approximately 18 months later. By the same logic, it should now enter a cooling phase before initiating the next cycle.
If this pattern continues, the bottom at the end of 2026 will lay the foundation for a new upward trend before the 2028 halving, ultimately driving the price toward the $250,000 target by 2029.
A larger goal also requires patience.
Interestingly, Brandt’s long-term outlook is even more aggressive, with a potential peak between $300,000 and $500,000. However, he does not overlook the difficult periods in between—where most forecasts lose credibility.
The information is clear: the potential returns are significant, but the path to success is often not comforting.
The prediction results still have room for change.
commendably, Brandt also stated that he would adjust his views if price movements deviated from historical patterns. This flexibility is crucial, especially in a market that does not always follow its own rules.
But for now, his view on Bitcoin remains similar to before: immense long-term potential, but highly volatile and unpredictable in the medium term—more than anything else, this tests patience.