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- Peter L Brandt, the CEO of Factor LLC today raised his views on Twitter by saying Bitcoin necessarily will not flourish from the fluctuating financial system.
- This is the perfect time for Bitcoin as the central banks are providing unlimited liquidity to save the declining global economy.
- Peter is popular for making its extreme price predictions. Last year in December, he predicted a vast, intense scenario for Bitcoin as this prime currency could uplift $100,000 in 2020.
Peter L Brandt, the CEO of Factor LLC today raised his views on Twitter by saying Bitcoin necessarily will not flourish from the fluctuating financial system. He believes in the statement communicated by the crypto evangelists.
Peter Brandt believes the long-term narrative
I believe the long-term narrative. Yet, just because my generation (Boomers) ruined the financial system does not automatically mean BTC will do a moon shot.
— Peter Brandt (@PeterLBrandt) April 13, 2020
Per his tweet, he said he believes in the long-standing narrative. This is because his generation tumble-down the financial systems and that does not means that BTC will do a moon shot.
This is the perfect time for Bitcoin as the central banks are providing unlimited liquidity to save the declining global economy. BTC is struggling to dissociate from the U.S stocks after correlating between the two asset classes that have touched to the remarkably high level currently.
Crypto is in big trouble
The veteran trader uses to opine his views related to cryptocurrency performance. Recently he twitted that the crisis prompted due to COVID-19 pandemic is a matter of concern for the crypto industry. He said if Bitcoin cannot rally on this historical downfall of economic disorder than crypto is in big trouble.
For BTC, this is the perfect storm.
If Bitcoin cannot rally on this, then crypto is in BIG trouble.
— Peter Brandt (@PeterLBrandt) March 27, 2020
Peter is popular for making its extreme price predictions. Last year in December, he predicted a vast, intense scenario for Bitcoin as this prime currency could uplift $100,000 in 2020.
In this race of prediction, an eminent crypto person, Cameron Winklevoss move towards Twitter to share his opinion as the COVID-19 pandemic crisis is going to be an inflexion point for Bitcoin.
This pandemic will be an inflection point for Bitcoin and the Metaverse.
— Cameron Winklevoss (@cameron) April 12, 2020
However, BTC is responsible for 64 percent of the total crypto market. This pandemic has ruined the global economy as over three billion people are under lockdown globally.
