Peter Brandt Declares Cryptocurrencies as the ‘Saviour of the System’

Bitcoin is poised to become a significant “store of value” as traditional players enter the cryptocurrency market, according to technical analyst and head of Factor LLC, Peter Brandt.

On a personal note, I want to be a good sport. Congratulations to all who are fully engaged in Bitcoin $BTC and other coins and see them as the bottom layer of the world’s future monetary systems. I believe there is a chance for this to occur, with Bitcoin becoming an important… pic.twitter.com/BoGCdOprGo

— Peter Brandt (@PeterLBrandt) February 28, 2024

The expert believes digital assets have the potential to become the “foundation of future global monetary systems.”

Brandt noted that the generation born after World War I, including Biden’s generation and Generation X, “were at the helm of the Great U.S. Debt Catastrophe.”

“We are responsible for the debts owed to Generations M and Z. Something revolutionary is happening in cryptocurrency that the old gold-oriented bulls cannot understand. But you, young investors, do understand. I hope digital assets can save the system or at least bring you incredible wealth,” he added.

A Shift in Perception

Analyst and managing partner at CMCC Crest, Willy Woo, observed the “unleashing of full demand for Bitcoin.”

Full demand for #Bitcoin unleashed.

My banker, 33 yrs in wealth management, wasn’t bullish last year, but he changed his mind when the spot ETF approved. That’s because he knows how institutions sell investments to the wealthy.

BTC is now on the recommend list for everyone.

— Willy Woo (@woonomic) February 29, 2024

Woo highlighted that his financial advisor, with 33 years in wealth management, was initially against investing in the first cryptocurrency. However, following the launch of spot ETFs based on the asset in the U.S., he changed his mind.

“That’s because he knows how institutions sell investments to the wealthy. Bitcoin is now on the recommended list for everyone,” the analyst explained.

Previously, Brandt revised his forecast for the price of the first cryptocurrency in 2025 from $120,000 to $200,000.

In February, Tether CEO Paolo Ardoino announced the continued integration of Bitcoin into traditional finance, driven by growing interest in ETFs based on it from institutions and corporations.