Bitcoin News Update: Bitcoin's 2029 Projection: Brandt Views Correction as a Driver for Expansion
- Peter Brandt revises Bitcoin's price target to $200k by Q3 2029, lagging peers' 2025 forecasts. - Current 20% price drop and historic institutional selling underscore market correction. - Contrasts with Armstrong/Wood's $1M 2030 projections; emphasizes structural reset necessity. - Bessent's Pubkey DC visit seen as institutional openness, but analysts doubt immediate impact. - Brandt remains long-term bullish, viewing correction as prerequisite for sustainable growth.
Experienced trader Peter Brandt has updated his
Over the last month, Bitcoin's value has dropped by nearly 20%, trading at $86,870 in late November 2025,
Brandt’s projection is even more conservative than other bold long-term forecasts. Coinbase CEO Brian Armstrong and
At the same time, the crypto sector has latched onto prominent events as possible indicators of institutional endorsement. U.S. Treasury Secretary Scott Bessent’s unexpected appearance at Pubkey DC, a Bitcoin-focused bar in Washington, was
Negative sentiment is also being fueled by wider market trends. In recent weeks, alternative cryptocurrencies have outperformed Bitcoin,
Despite the current wave of pessimism, Brandt continues to see himself as a "long-term bull" on Bitcoin,
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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