Legendary trader Peter Brandt has recently shared a surprising perspective on Bitcoin’s all-time high (ATH) prices. Contrary to popular belief, Brandt argues that Bitcoin has not reached a new ATH in the past three years when adjusted for inflation. Despite hitting a nominal high of $73,750.07 on March 14, in real terms, Bitcoin’s price remains lower compared to previous peaks. This insight underscores the difference between nominal price records and inflation-adjusted prices.
Peter Brandt, a respected figure in the futures market, stresses the importance of considering opposing views in trading. While Bitcoin is experiencing significant events such as the potential approval of a spot Bitcoin ETF and a recent halving, its inflation-adjusted value paints a different picture. This analysis serves as a crucial reminder of the opportunities and constraints within Bitcoin’s current market dynamics.
Despite his cautious approach towards Bitcoin’s inflation-adjusted highs, Brandt remains positive about the cryptocurrency’s future potential. Together with other market experts and investors, there is strong anticipation that forthcoming developments could have a substantial impact on Bitcoin’s demand and price. Notably, Robert Kiyosaki, author of “Rich Dad Poor Dad,” forecasts that Bitcoin’s price could exceed $100,000 by the year’s end driven by reduced supply and increased demand from new financial products.