Bitcoin is unlikely to reach $200,000 before Q3 2029, according to veteran trader Peter Brandt

Peter Brandt forecasts that Bitcoin will not reach $200,000 until Q3 2029, a notable divergence from other predictions in the crypto space. While some expect this milestone by the end of 2025, Brandt emphasizes the potential for a healthier market progression.

At the time of Brandt’s statement, Bitcoin was priced at $86,870 after a significant drop. He compares its price movements to the soybean market in the 1970s, hinting at patterns that may indicate future performance.