Peter Brandt Raises Bitcoin Cycle Peak Forecast to $600,000

Veteran trader Peter Brandt believes Bitcoin has entered a new bull cycle. He has revised his cycle peak prediction from $250,000–$300,000 to $300,000–$600,000 by late 2029, noting that $500,000 is highly probable. Brandt warned of a potential early October pullback to the $65,000–$66,000 range to clear out speculative positions. He also dismissed the investment value of XRP, calling it a 'fool coin' and arguing that its utility in payments and banking partnerships does not guarantee price appreciation.