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Brandt Predicts Bitcoin Drop Despite July Surge

Veteran trader Peter Brandt dismisses the idea that Bitcoin can solve personal problems, warning that emotional investment in crypto may lead to regret

by NaijNaira
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Peter Brandt has made it clear that Bitcoin isn’t a miracle solution, calling out those who tie personal dreams and ideologies to the cryptocurrency – www.naijnaira.com reports.

In a recent post on X, Brandt bluntly told such believers to “get a life,” sparking debate across the crypto community, as reported by TheCryptoBasic.

Brandt criticized how some investors treat Bitcoin like a movement or ideology, not just a financial instrument.

“Bitcoin is just an asset,” he emphasized, arguing that blind hope won’t change its market reality.

Brandt, who’s been vocal in past cycles, reminded followers that Bitcoin’s explosive returns have slowed and won’t replicate earlier bull runs.

He cautioned newer traders: “If you think Bitcoin will fix your life, prepare to be disappointed.”

Still, not everyone agreed.

Michael Saylor pushed back, insisting Bitcoin is “a system based on protocol and values.”

Others like Marcelo Cardenal and Chicago Hodl argued it’s tied to personal liberty, not just price charts.

Back in January, Brandt predicted a pullback for August, and Bitcoin’s current dip from its $123,000 high suggests he was right on schedule.

Even so, he still sees potential upside, aiming for $150,000—but warns risks remain.

Article updated 3 weeks ago. Content is written and modified by multiple authors.

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