RATE Group | Bitcoin Price Predicted to Go to $50,000 by Trading Guru Peter Brandt (but Don’t Get Too…
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Bitcoin Price Predicted to Go to $50,000 by Trading Guru Peter Brandt (but Don’t Get Too…

19 Apr Bitcoin Price Predicted to Go to $50,000 by Trading Guru Peter Brandt (but Don’t Get Too…

Posted at 06:01h in Bitcoin News by

Contents

  • The tired comparison
  • Can Bitcoin go to zero?

Peter Brandt has shared his latest take on the Bitcoin (BTC) price, predicting that it has a 50 percent chance of shooting up to as high as $50,000. 



However, this price target is not set in stone since there appears to be the same possibility that the orange coin ends up being just ‘another pet rock or Beanie Baby.’ 



The tired comparison


Bitcoin has been likened to Beanie Babies by everyone and their mother — from permabears in the likes of Peter Schiff to “Last Week Tonight” host John Oliver.        


These chic toys are the ultimate fads of the dotcom bubble in the 1990s. During the peak of the craze,…

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