Peter Brandt: Bitcoin will replace government currencies and bonds

A popular cryptocurrency analyst and trader called Bitcoin a new standard for storing value, which can replace paper currencies and government bonds.

Peter Brandt said he grew up in an era of “hostile corporate takeovers” that became fodder for the Wall Street Journal and Bloomberg. Today there is an even more serious problem with takeovers. But Bitcoin, which claims to be a new standard of savings, has the potential to become an alternative to conventional money and bonds.

National currencies are unlikely to disappear: the US dollar, yen and euro will continue to be used to buy groceries and pay for gasoline, the trader reasoned. But the authorities will constantly issue new money, for example, hundred dollar bills. And people will store their accumulated savings in bitcoins.

I grew up in the era of hostile corporate take-overs. They were the WSJ/Bloomberg fodder of the day. There is an even bigger take-over challenge occurring today. Bitcoin $BTC is vying to become the Level 1 “store-of-value” standard replacing fiat currencies and government bonds.… pic.twitter.com/MOT2HQQMhR

— Peter Brandt (@PeterLBrandt) March 26, 2024

Peter Brandt often analyzes the BTC price and recently made an optimistic forecast: Bitcoin will rise to $200,000 in the fall of 2025. Previously, the trader doubted that the upcoming April halving could change market sentiment – at least not for long.

Last year, an analyst said that Bitcoin should set the tone in the financial market, and soon this coin will “come out of the shadow” of stocks and gold.