Trading vet Peter Brandt, who keeps the cryptocurrency community in suspense with his Bitcoin predictions, recently revealed that he would buy Bitcoin at $9,000 if its price corrected to that level.
Overall, he’s very bullish on Bitcoin, reiterating his earlier prediction about the coin’s parabolic rise.
BTC is wont to have major pullbacks during its bull runs, so the recent retracement doesn’t say much about its long-term price action.
However, Brandt is clearly not a fan of altcoins, going as far as claiming that a whopping 99 percent of them will eventually end up being worthless.
Mainly these altcoins serve the purpose of market speculation and raising money for people who did the ICO.