{"id":459964,"date":"2021-03-31T01:00:00","date_gmt":"2021-03-31T01:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=459964"},"modified":"2024-06-11T14:14:24","modified_gmt":"2024-06-11T14:14:24","slug":"peter-brandt-bitcoin-coinbase-ipo","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/peter-brandt-bitcoin-coinbase-ipo\/","title":{"rendered":"Career Commodities Trader Warns Bitcoin Community Over Coinbase Concerns"},"content":{"rendered":"
Peter Brandt is an iconic trader who in the past called the dramatic fall to the Bitcoin bear market bottom<\/a>, nearly a year ahead of time. Could the commodities trader with decades of experience in all things markets \u2013 who has for sure seen a thing or two in his career \u2013 now be forewarning of an alleged collapse of the popular cryptocurrency exchange Coinbase?<\/p>\n His tweets appear to imply so, calling into question several mounting concerns related to the company. Here’s what’s going on regarding the bold claims made by Brandt, and what Coinbase could allegedly be hiding.<\/p>\n Words can carry a lot of weight. They come with even more significance depending on the mouth they’ve come from, and depending on that person’s experience<\/a> or clout.<\/p>\n When it comes to pure classical technical analysis, few would argue that Peter Brandt is among the best of the best living today<\/a>. He’s got nearly 50 years trading and speculating under his belt, and he’s charted everything from corn to manure, to of course, Bitcoin.<\/p>\n Related Reading | Peter Brandt Calls For 80%+ Bitcoin Price Decline Over A Year Ago With Chilling Accuracy<\/a><\/strong><\/em><\/p>\n Brandt has been a public supporter of the leading cryptocurrency by market cap, but has also been labeled a “hater” due to his sometimes painful calls<\/a> that bring exuberant investors back to reality \u2013 something they tend not to like.<\/p>\n Brandt was labeled as such after calling for a drop to under $4,000<\/a> in January 2018, nearly a full year before the cryptocurrency reached such a bottom of the bear market.<\/p>\n His experience allows him to see things that others cannot, but are his latest claims over Coinbase issues accurate?<\/p>\n <\/p>\n Peter Brandt went on a tirade on Twitter recently, blasting popular cryptocurrency exchange Coinbase<\/a> and its CEO Brian Armstrong with a string of currently unsubstantiated claims.<\/p>\n Brandt warns that during his time in markets, he’s witnessed three major brokers go under, and that each presented the same clues ahead of time that Coinbase currently is<\/a>.<\/p>\n After listing several “signs of trouble ahead<\/a>” Brandt tagged the SEC and FINRA Twitter handles asking for a deeper dive into the company ahead of any IPO.<\/p>\nCareer Trader Makes Bold Calls, Accurately Predicts Bitcoin Bottom One Year Out<\/h2>\n
Brandt's calls have had wizard level accuracy in the past due to his experience | Source: BTCUSD on TradingView.com<\/a><\/pre>\n
Peter Brandt Slams Crypto Exchange Coinbase Over Concerns, “Signs Of Trouble Ahead”<\/h2>\n