Veteran trader Peter Brandt sees bitcoin hitting $250,000, but only after a bottom later this year
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- Peter Brandt predicts Bitcoin will hit $250,000 in late 2029 after a bottom around Sep/Oct 2026, based on the four‑year halving cycle.
- Bitcoin has risen 25% since early February, trading near $80,300, after falling to $60,000 in February.
- Analysts argue the bear market ended in February and the rally signals a new uptrend, contrasting Brandt’s longer bottom timeline.
- CoinDesk reported Brandt’s forecast and noted his willingness to revise it if price action deviates from past cycles.
Why it matters: Crypto investors who buy Bitcoin now capture a 300% upside by 2029, while short sellers risk steep losses if the price stays above $70k; the forecast drives fresh capital into crypto and reshapes risk allocations.
