Veteran Trader Peter Brandt Breaks Silence on Bitcoin's (BTC) Value

U.Today - Peter Brandt, a trading legend with decades of experience since the 1970s, recently shared his thoughts on the weakening U.S. dollar and why he sees Bitcoin (BTC) as a solid bet for preserving value.

Brandt noted that while a dollar could buy a dollar’s worth of goods when he was born, it now holds just $0.05 cents of its original purchasing power. This sharp drop in the dollar’s value, he suggests, makes Bitcoin look like a promising store of value.

This comment comes in the wake of Elon Musk’s recent post questioning the current state of the dollar’s value. The post also provided somewhat of a comparison of the U.S. dollar’s decline to the hyperinflation that plagued the Zimbabwean dollar, illustrating the sentiment of a mass of people, and influential figures too, toward the current economic situation.

Weak dollar = Strong BTC?The conversation around the dollar’s erosion and Bitcoin’s potential is not new. On the same day, financial expert Robert Kiyosaki chimed in with his views on U.S. inflation. Kiyosaki, known for his book “Rich Dad Poor Dad,” suggested that Bitcoin might soar to $100,000 by next August as a hedge against inflation.

Brandt’s recent post aligns with this growing sentiment. He believes the U.S. dollar, along with other paper currencies, is losing its value rapidly. Looking ahead, Brandt predicts that a new system for handling payments and storing value will emerge over the next decade.

Source: Investing.com

Publicații recente
$1.2 Billion Liquidation Tsunami Fails to Stop Bitcoin From New All-Time High
22.01.2025 - 13:00
MicroStrategy's Saylor Reacts to Bitcoin's New ATH: 'The Future Is Bright'
22.01.2025 - 13:00
$162,502,588 in Bitcoin Mysteriously Exit Robinhood in Minutes
22.01.2025 - 13:00
Binance's CZ: This Is Good for Bitcoin
22.01.2025 - 13:00
Retail Investor Interest in Bitcoin (BTC) Hits ATH: Details
22.01.2025 - 13:00
100,000,000 XRP in 48 Hours, Here’s What Happened
22.01.2025 - 13:00
You can now pay with $TRUMP at McDonald's
22.01.2025 - 13:00
Schiff Reveals How His Predictions Moved People to Buy Bitcoin (BTC)
22.01.2025 - 13:00
XRP Price Soars Amid Bullish Divergence Versus Bitcoin (BTC)
22.01.2025 - 13:00
XRP on Verge of Painful Breakdown Against BTC, Per Bollinger Bands; Quarter Billion Dollars in Bitcoin Stun Coinbase, Ripple Exec Makes Bold 2025 Stablecoin Prediction: Crypto News Digest by U.Today
22.01.2025 - 13:00
Here's How Much 1 BTC Sold for on This Date 15 Years Ago: Details
22.01.2025 - 13:00
Bitcoin, $Trump fall after Trump's inauguration
22.01.2025 - 13:00
Dolomite to Launch Royco Pre-Deposit Campaign on Berachain
22.01.2025 - 13:00
Ethereum loses traction amid Solana and Bitcoin surge
22.01.2025 - 13:00
New Trump coins 'represent risk to bipartisan crypto legislation': TD’s Seiberg
22.01.2025 - 13:00

© Analytic DC. All Rights Reserved.

new
Analiza pieței Cum va afecta raportul NFP de mâine cursul de schimb al dolarului american?