In accordance with Bitcoin.com, veteran trader Peter Brandt reaffirmed his long-term bullish outlook on bitcoin (BTC), projecting it could reach $200,000 by Q3 2029 despite the current downturn. On Nov. 21, Brandt stated the current price slide, which erased all of BTC’s 2025 gains, is beneficial for the cryptocurrency. BTC fell to $80,537 on Nov. 21, down over 30% from its October peak. Analysts attribute the decline to ETF outflows and the collapse of the macro narrative. Brandt also criticized Michael Saylor’s company, MicroStrategy (MSTR), warning that its debt and BTC holdings could create selling pressure if prices continue to slide.
Veteran Trader Peter Brandt Projects BTC to $200K by Q3 2029 Despite Current Downturn
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