Legendary trader Peter Brandt defends Bitcoin against Peter Schiff's criticism, pointing out popularity at conferences

From Investing.com
July 27, 2024 11:30:23 AM:

Legendary trader Peter Brandt responded to renowned economist Peter Schiff’s criticism of Bitcoin. Schiff mocked the idea that Bitcoin is a secret, pointing out its popularity at conferences. Brandt fired back, highlighting the disparity in attendance between Bitcoin and gold conferences, suggesting that many gold bulls have passed away.
Bitcoin saw a rebound after hitting lows of $63,412, with a 1.42% increase to $68,214. CryptoQuant CEO Ki Young Ju noted accumulation of 358,000 BTC in permanent holder addresses. Ju predicts the bull cycle could continue until mid-2025 due to old whales selling during bull markets, leading to increased realized prices.
Marathon Digital Holdings acquired $100 million in Bitcoin, raising its total to over 20,000 Bitcoin. CEO Fred Thiel announced plans to “go full HODL” as Bitcoin remains the company’s strategic treasury reserve asset. This move reflects Marathon’s confidence in Bitcoin’s long-term value and potential.

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