Bitcoin to Reach Value of 100 Ounces of Gold, Predicts Veteran Trader Peter Brandt

Bitcoin will be worth 100 ounces of gold in the future - Experienced trader Peter Brandt

Experienced trader Peter Brandt predicts that Bitcoin could reach the value of 100 ounces of gold in the future. This bold statement underscores the growing importance and potential of the cryptocurrency as a long-term investment.

BITCOIN on the Weekend - Analysis, Charts, News on 01.06.2024

According to a recent analysis by XTB, Bitcoin appears technically bullish with a potential breakout above $69,000 to new all-time highs around $74,000. Short-term technical indicators suggest a continuation of the upward trend, supported by positive impulses from the ETF market.

Expert reveals: If this happens, then Ethereum will surpass Bitcoin - Flippening through ETF?

Crypto expert Mirco Recksiek from the channel Bitcoin2Go explains in an interview with Börse Online the possibility of a "Flippening," where Ethereum could surpass Bitcoin thanks to new ETFs. However, he also emphasizes the need for significantly higher demand for Ethereum for this scenario.

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Article Summary

Experienced trader Peter Brandt predicts Bitcoin could reach the value of 100 ounces of gold, highlighting its potential as a long-term investment. Additionally, technical analysis suggests Bitcoin may soon hit new all-time highs, while crypto expert Mirco Recksiek discusses Ethereum's potential to surpass Bitcoin with increased ETF demand.