Wall Street legend admits that Bitcoin is now his biggest investment

0

Last Updated on 12 November 2023 by CryptoTips.eu

Analysts on Wall Street have long been convinced of Bitcoin’s chart this year, but what investment legend Peter Brandt has just admitted is of a different level. The man who has been discussing investment charts for 30 years and wrote several bestsellers about them, admitted on X (formerly Twitter) that Bitcoin is currently his largest investment.

Advertentie.

Tesla

Bitcoin’s market cap passed that of Tesla’s again this week, just as happened in 2021.

Bitcoin is now the world’s eleventh-largest asset, behind only gold, silver, Warren Buffet’s company Berkshire Hathaway and tech giants like Microsoft, Alphabet, Nvidia, Meta, and Amazon.

Peter Brandt, the man who has been discussing graphs since 1976 and has also written several books about it, also usually diversifies into the best shares and investments.

Like other classic ‘boomers’ who invest, he spreads his money across different investments while also showing his 700,000 followers the graphs of his choices.

Powell

With the US stock markets taking a new blow this week due to comments from Fed Chairman Powell, who admitted that they would have to wait a while for a rate cut, investors look for ‘safe havens’.

Powell said literally on Thursday that the fight to restore price stability “had a long way to go”

Since then, investors have been looking for alternatives, such as gold, crypto and other investments that can provide security during a prolonged period of high interest rates.

Brandt therefore admitted to his followers:Here’s a personal opinion that won’t be popular: Many Gen Zer and Gen Mers think that crypto will overthrow the existing monetary systems. In my opinion, this will be an unfulfilled dream. Crypto will not be the great avenger. By the way, Bitcoin is my single largest investment.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts