Peter Brandt mocks Bitcoin supporters and ‘laser eyes’.

Tech analyst and head of Factor LLC Peter Brandt said that the first cryptocurrency, purchased in 2021, has become unprofitable today. He also mocked Bitcoin supporters for using ‘laser eyes’ on their Twitter avatars.

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I count myself as one who would NOT have predicted sub $20,000 in Oct 2022.

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— Peter Brandt (@PeterLBrandt) October 7, 2022

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How many people who had grown laser eyes in 2021 would have believed that every Bitcoin purchase over the year to date would turn out to be a bad deal?

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He also added that he did not expect Bitcoin’s price to fall below $20,000 by October 2022.

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Laser eyes signifies a long term commitment to #bitcoin based on its ethical, technical, and economic superiority to alternate assets. All major financial asset classes have been losing trades over the past year. That is why we don’t trade, we #hodl.

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— Michael Saylor⚡️ (@saylor) October 7, 2022

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All major classes of financial assets have been poor trades over the past year. That is why we don’t trade, we hodl.

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Amid the bull market in early 2021, laser eyes on Twitter profile pictures were installed by many digital-asset supporters.

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Among them were billionaire Elon Musk, CoinShares’ Chief Development Officer Meltem Demirors, Wyoming Senator Cynthia Lummis, and Saylor. After a year and a half, the ‘laser eyes’ remained only with the latter.

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Earlier Brandt criticised Saylor for his view of Bitcoin as an ‘energy-backed digital commodity’.

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