Peter Brandt is well known in the world of cryptography to the properly the call the beginning of Bitcoin’s seismic recovery at the beginning of 2018, just after the piece touched its all-time high of a little more than$20,000.
General rule TA — a violation of the parabolic advance leads to 80%+ decline in value. If the general rule is followed, the BTC must go back to
— Peter Brandt (@PeterLBrandt) January 22, 2018
Now, after Bitcoin’s sudden fall to a low of $3,150 and from its birth to its current price of approximately $9,300, Brandt said he believes that Bitcoin is a buy.
Brandt is indicative of the long-term strategy to create wealth that it recommends to the members of the family. It places BTC on its list of the best investment and says that he is optimistic about the technology stocks in the long term.
“I’ll give you the same advice I give my X Gen children and M Gen-nephews and nieces. Buy a home, buy a home, but enter into the housing market. Two jobs if you need it.
Invest 10% of what you can afford in BTC. Invest monthly to the quality and technology of value Etf shares.”
Brandt has previously stated that it believes that Bitcoin is preparing for a new parabolic rally that will be the target of$ 100,000. However, despite the fact that large BTC racing bulls have always raised the value of all cryptocurrencies, Brandt said he is wary of XRP, making a simple statement on where he thinks the fourth-largest cryptocurrency by market capitalization in the head.
“Do not place your faith in XRP.”
Brand believes The ripple of the ownership of more than half of the total supply of XRP is a potential liability and says that the room has more room to fall after remaining flat in the year 2020.
At the time of publication, XRP is down 1.34% to $0.1882, according to CoinMarketCap.
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