Peter Brandt does not rule out Bitcoin rising to $100,000.

Renowned technical analyst and head of Factor LLC Peter Brandt said he believes in the possibility of the first cryptocurrency rising to $100,000.

I still believe in the long-term narrative that takes BTC to $100k

— Peter Brandt (@PeterLBrandt) June 7, 2021

“I still believe that in the long term BTC will reach $100,000,” Brandt wrote in response to a message from a Twitter user.

In 2020, the analyst urged young people to invest a portion of their money in digital gold and stay away from Ripple.

Later he said that he closed positions in the stock and foreign exchange markets, and also sold bitcoins on the eve of the decline.

As reported in June 2021, Brandt cast doubt on the rise in the price of the first cryptocurrency in the near term.