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    Home»Markets»Peter Brandt Warns Meme Cash Might Go to Zero in Subsequent Crash
    Peter Brandt Warns Meme Cash Might Go to Zero in Subsequent Crash
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    Peter Brandt Warns Meme Cash Might Go to Zero in Subsequent Crash

    By Crypto EditorJanuary 6, 2025No Comments3 Mins Read
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    Peter Brandt Warns Meme Cash Might Go to Zero in Subsequent Crash

    Cowl picture by way of U.Immediately

    Disclaimer: The opinions expressed by our writers are their very own and don’t symbolize the views of U.Immediately. The monetary and market data supplied on U.Immediately is meant for informational functions solely. U.Immediately shouldn’t be responsible for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct your personal analysis by contacting monetary consultants earlier than making any funding choices. We imagine that each one content material is correct as of the date of publication, however sure provides talked about could now not be out there.

    Peter Brandt, a giant identify within the monetary buying and selling world, has a warning for all you crypto followers on the market — particularly those who’re into meme cash. For Brandt, who has been out there for 50 years, the dangers tied to those digital belongings have by no means been larger, and the subsequent market crash might depart them in ruins.

    His message is evident: historical past could not repeat itself the way in which many count on. Whereas Bitcoin’s rise from $0.07 in 2010 to its present heights is undeniably extraordinary, Brandt warns that such monumental returns are unlikely to happen once more. However it’s not Bitcoin that’s his greatest concern — it’s the craziness round altcoins and meme cash.

    Associated

    New Bitcoin Prediction by Peter Brandt May Shock Bulls With Bearish Reality

    He sees a sample the place traders use an excessive amount of debt to chase traits, hoping to get wealthy fast. They put a number of sources into belongings that aren’t that helpful, hoping for a monetary miracle.

    For Brandt, this method is harmful, particularly when markets inevitably reverse course. He thinks meme cash are the riskiest and will completely crash.

    I say this having witnessed markets for 50 years. Some will do nice from right here ahead. However too many fools will get too leveraged, miss the highest and get blown out within the subsequent 50% correction in BTC, 90% correction in altcoins, 100% correction in memes https://t.co/o33Jnq4IHz

    — Peter Brandt (@PeterLBrandt) January 6, 2025

    If the market drops, he thinks Bitcoin (BTC) would possibly lose half its worth, altcoins might drop 90% and meme cash may very well be gone for good. To him, this isn’t just a few far-out concept; it’s rooted in how speculative markets normally work. These corrections have hit merchants earlier than, and Brandt thinks they’re about to do it once more.

    Associated

    Bitwise CEO Says Bitcoin Scarcity Will Feel More Dramatic

    Not like a number of skeptics, Brandt shouldn’t be completely dismissive of cryptocurrency. He has Bitcoin as a long-term funding and thinks it’s the solely digital asset with a confirmed observe file. However he sounds extra nervous when he talks about the entire market.

    Disclaimer: The opinions expressed by our writers are their
    personal and don’t symbolize the views of U.Immediately. The monetary and market data
    supplied on U.Immediately is meant for informational functions solely. U.Immediately shouldn’t be
    responsible for any monetary losses incurred whereas buying and selling cryptocurrencies. Conduct
    your personal analysis by contacting monetary consultants earlier than making any funding
    choices. We imagine that each one content material is correct as of the date of publication,
    however sure provides talked about could now not be out there.





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