{"id":485827,"date":"2022-03-12T12:01:11","date_gmt":"2022-03-12T12:01:11","guid":{"rendered":"https:\/\/wncen.com\/?p=485827"},"modified":"2024-06-11T13:52:23","modified_gmt":"2024-06-11T13:52:23","slug":"set-aside-savings-on-bitcoin","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/set-aside-savings-on-bitcoin\/","title":{"rendered":"Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings On Bitcoin And Hold"},"content":{"rendered":"
It’s time for the new and younger generation to invest in Bitcoin. At least, this is what veteran trader and popular commentator Peter Brandt recommends.<\/p>\n
Brandt suggests members of the \u201cGen Z\u201d should get a degree in an area where they may quickly find a well-paying job while avoiding student debt, if possible.<\/p>\n
He referenced the largest cryptocurrency by market capitalization, Bitcoin, in his discussion on investment.<\/p>\n
Related Article | Gloomy Crypto Future? Book Author Warns We\u2019re In The Biggest Bubble In History<\/a><\/em><\/strong><\/p>\n Brandt believes that they should invest majority of their savings in the world\u2019s most sought-after crypto asset and strong company equities.<\/p>\n Brandt stated that even if Bitcoin is still \u201cgenerally\u201d untrusted and unproven by a huge number of people as well as local governments as of present, it can implicate various trends which can lengthen invested value on a specific cryptocurrency.<\/p>\n Brandt, the founder and chief executive officer of Factor LLC, has been trading commodities for over 40 years and has been a well-known analyst and investor since then.<\/p>\n His claim to fame was correctly forecasting Bitcoin’s sharp price drop in 2018. He has taken to Twitter to provide financial advice to Millennials and Generation Z.<\/p>\n He singled out Bitcoin as a good cryptocurrency investment in terms of current market viability.<\/p>\n <\/p>\n <\/p>\n According to Brandt, Bitcoin is almost halfway through its current bull market from a price low.<\/p>\n He pointed out that the long-term Bitcoin bull market is still intact. His technical analysis indicates that it may continue to rise, albeit with some corrections along the way.<\/p>\n Based on its long-term trend channel, he anticipates bitcoin will reach $180,000 to $200,000 by the third or fourth quarter of this year.<\/p>\n According to a recent Deutsche Bank poll, over a fifth of Bitcoin investors believe the cryptocurrency’s price would top $110,000 in five years.<\/p>\n Brandt eagerly stated that rallies and corrections could be possible for the famed cryptocurrency because of his familiarity with its market trends and that Bitcoin is taking the role as a store of wealth and medium of exchange.<\/p>\n \u201cIt\u2019s a binary bet. It will be the best of what people want it to become, or it will become nothing,\u201d he said.<\/p>\n Still, as long as investors and people alike continue to set high standards and transactions on the cryptocurrency, it will act as it\u2019s supposed to be — a medium for financial compliance.<\/p>\n Meanwhile, Bitcoin (BTC) is currently trading at around $39,130.05<\/a>, representing a 1.54% increase over the last 24 hours.<\/p>\n According to Coindex Statistics, its highs have reached $40,222.40, while its lows have remained over the $37,000 barrier at $38,335.60.<\/p>\n Bullish patterns are predicted to emerge as March progresses, yet the current volatility rate may diminish bullish opportunities for Bitcoin due to global events and market shifts.<\/p>\nCrypto As A Smart Investment<\/h2>\n
Total crypto market cap at $1.711 trillion on the daily chart | Source: TradingView.com<\/a><\/pre>\n
Brandt\u2019s Predictions On Bitcoin<\/h2>\n
Store Of Wealth<\/h3>\n
Bitcoin Today<\/h3>\n