PakGazette – Expert commodities trader Peter Brandt, who has been in the trading business since the 1970s, has taken to his account on social media platform X in the past to share some crypto predictions with the community amazing and also to share what cryptocurrencies you own.
As for his predictions, the famous trader expects the cryptocurrency market to enter a major correction this year.
Brandt reveals his cryptocurrency holdings, but there’s a twist
Peter Brandt admitted that he owns two of the top 10 cryptocurrencies, notably the pioneer and (SOL), a rival positioned as another “ETH killer.”
It seems that despite owning cryptocurrencies, Peter Brandt does not expect Bitcoin to repeat the staggering 1.4 million-fold increase that the world’s largest cryptocurrency has experienced since January 5, 2010, when it was trading at $0.07. (while it is now changing hands). above $99,000 after reaching an all-time high of over $108,000 in mid-December).
Peter Brandt tweeted that “many people are hoping for a repeat,” especially millennials and Gen Z. They “hope trash_coins will be their redemption and their ticket to riches,” Brandt said. He revealed that while he owns Bitcoin and Solana, what he prefers to buy now for big profits is not cryptocurrencies but “Kleenex stock,” produced by Kimberly & Clark. Perhaps he was simply referring to the stock market in general, using the name of this company as an example. Brandt even assumed that some cryptocurrency holders might start calling him a “crypto hater” after that, but he doesn’t seem to mind that to any degree.
A big BTC correction is coming, a big altcoin and meme correction is coming, says Brandt
In another tweet posted today, the experienced commodities trader, who is also into cryptocurrency trading, surprised the crypto community with some big bearish predictions regarding the largest and smallest cryptocurrencies.
Brandt believes Bitcoin will suffer a 50% correction, while he expects altcoins to collapse by 90% and meme coins to lose 100% of their value. He didn’t specify when this is likely to happen, but he was obviously referring to the near future, probably around 2025, which has only just begun.
Over the weekend, Bitcoin rallied 3.32%, moving from $96,000 to the $92,255 level, where it is currently changing hands.
