Bitcoin News Today: Experts Divided on Bitcoin's $200K Forecast—Brandt Predicts 2029, Others Push for 2025
- Veteran trader Peter Brandt predicts Bitcoin will hit $200,000 by Q3 2029, contrasting with peers like Tom Lee (2025) and Cathie Wood ($1M by 2030). - Bitcoin's current $86,870 price reflects a 30% decline from its 2025 peak, with ETF outflows correlating to 3.4% price drops per $1B withdrawal. - XRP gains institutional traction via $179.6M ETF inflows, while Solana struggles below $130 amid bearish pressure. - CME Group plans spot-quoted futures for XRP/Solana by Dec 15, 2025, aligning with rising altco
Seasoned trader Peter Brandt has forecasted that
Brandt’s outlook is in stark contrast to those of
The current negative sentiment surrounding Bitcoin has been intensified by significant outflows from exchange-traded funds (ETFs), which are on track for their poorest monthly results since their debut in early 2024. In November, investors withdrew $3.5 billion from U.S.-listed Bitcoin ETFs, with
At the same time, other digital assets such as
The trend toward greater institutional involvement in crypto is also accelerating, with
Despite near-term obstacles, Brandt’s optimistic long-term view reflects a widespread belief in Bitcoin’s potential as a store of value. His projection is based on the expectation of steady demand growth and a gradual shift in market sentiment, rather than the rapid price increases seen in earlier cycles. This perspective stands in contrast to the more aggressive forecasts from some crypto leaders, illustrating the diversity of opinions within the sector.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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