Peter Brandt says Bitcoin may hit $600K by 2029, calls XRP a ‘fool coin’
An October pullback could offer a buying opportunity before Bitcoin’s next cycle peak, which Brandt expects between $300,000 and $600,000. He’s not sold on “fool coin” XRP.
Asanat Analysis — Why it matters
Brandt's $300K–$600K Bitcoin target by 2029 implies a 6–10x from current levels over ~3 years, anchored to historical 4-year cycle theory. This frame assumes sustained institutional adoption, no major regulatory shock, and favorable macro conditions—assumptions that constrain rather than guarantee the forecast. The suggested October pullback-as-entry signals continued belief in cyclical accumulation phases, a pattern Brandt has tracked through multiple market regimes.
The XRP dismissal ('fool coin') reflects skepticism about Ripple's enterprise narrative and tokenomics utility that has persisted despite the company's payments infrastructure pivot. This sentiment carries weight given Brandt's track record but represents a macro-level macro view rather than granular analysis of XRP's actual institutional adoption trajectory or regulatory clarity in 2026.