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Peter Brandt isn’t hedging. The veteran trader put a number on Bitcoin’s next peak — somewhere between $300,000 and $600,000 by late 2029 — and he’s pretty much done entertaining arguments to the contrary.
That range is already an upgrade from what he was saying before. Brandt had previously pegged Bitcoin’s cycle high at $250,000 to $300,000, but he’s since revised that upward. He now sees a strong case for Bitcoin reaching half a million dollars before the current bull cycle wraps up. A million-dollar Bitcoin by 2030 isn’t something he’s ruling out entirely, but it’s not where his focus sits right now. He’s more interested in building a position than chasing a headline number.
Back in July, Brandt had warned that Bitcoin could drop into the high $40,000s. At that point the coin was trading near $64,000. It went the other direction — surging to almost $85,000 by the time he made his latest comments. So he’s already got one wrong-direction call on the books, which probably explains why he’s not rushing to pound the table on any single price target.
The $65K Dip He’s Watching For
Even with Bitcoin pushing higher, Brandt thinks a pullback to around $65,000 or $66,000 in early October is possible. That kind of move, he says, would shake out late buyers — the ones who piled in near the top — and open a cleaner entry point for investors looking to add to their positions. He’s not panicking about it. It’s basically part of the playbook.
His strategy going forward is to put 70% of his earmarked funds into Bitcoin during the upward leg of the cycle. He’s not trying to time an exact top or bottom. He’s trying to find low-risk entry points with measurable downside. That’s a different game than what a lot of retail traders are playing.
Brandt is also pretty skeptical of the narratives that float around during bull markets. He specifically called out the habit of attributing every price move to a specific event — like the CLARITY Act, for example. His read is that price action comes first, and the stories traders tell about it come after. Narratives follow markets, not the other way around.
The halving matters to him, but in a structural sense. He sees it as sitting roughly midway between the market’s low and its eventual peak, which means the biggest gains should come later in the cycle. He’s watching that clock.
XRP Gets No Love, Ether and Solana Do
On altcoins, Brandt isn’t subtle. He called XRP a “fool coin.” His argument is that utility doesn’t automatically create investment value. He compared XRP to the US dollar — sure, it’s used in transactions, it has real-world applications, partnerships and all that — but the dollar doesn’t appreciate just because people spend it. Same logic applies to XRP, in his view. It’s a transactional asset, not a store of value.
Ether and Solana are a different story. He’s got room for both in what he’d call a diversified crypto portfolio. He didn’t go deep on why, but the implication is that he sees something more durable in those two than in XRP or the newer tokens that pop up constantly with promises of fast returns.
For investors who are financially stable and want crypto exposure, Brandt suggests capping the allocation at around 10% of a portfolio, with a meaningful chunk of that going to Bitcoin. He’s not anti-altcoin across the board, but he’s warning people not to get pulled into unproven tokens just because they’re generating buzz.
That last point is kind of the throughline in everything he’s saying. Discipline over noise. He’s not interested in whether Bitcoin hits $100,000 by year-end. That’s not the question he’s trying to answer. He wants to know where the low-risk entries are, and he wants to be positioned before the late-cycle move happens.
Whether the historical patterns he’s relying on hold up is unclear. Crypto markets don’t always follow prior cycles cleanly. But Brandt’s been doing this long enough to know that, and he’s still putting his money on Bitcoin reaching somewhere between $300,000 and $600,000 before 2029 is out.
His current Bitcoin allocation target: 70% of his earmarked crypto funds, deployed during the upward trajectory.
Hub: XRP price, news, and analysis
Frequently Asked Questions
What is Peter Brandt’s Bitcoin price target for 2029?
Brandt predicts Bitcoin could reach between $300,000 and $600,000 by late 2029, up from his earlier estimate of $250,000 to $300,000.
Why does Peter Brandt dislike XRP as an investment?
Brandt called XRP a “fool coin,” arguing that its transactional utility doesn’t translate into investment value, comparing it to the US dollar, which doesn’t appreciate simply because it’s widely used.
Why It Matters
Peter Brandt's bullish outlook on Bitcoin, projecting a potential peak of up to $600,000 by 2029, underscores a growing optimism in the cryptocurrency market as it transitions through cycles of volatility. His dismissal of XRP as a "fool coin" reflects the ongoing debate about the viability of different cryptocurrencies, which can significantly influence investor sentiment and market trends. Such contrasting views among seasoned analysts may affect allocation strategies and highlight the necessity for due diligence among investors navigating this evolving landscape.
