Veteran Trader Peter Brandt Predicts Bitcoin Could Surge to $600K by 2029

Veteran commodities trader Peter Brandt has projected that Bitcoin could reach between $300,000 and $600,000 by 2029, signaling one of the most ambitious long-term bullish forecasts from a mainstream market analyst. Brandt, founder of Factor LLC and a chartist with decades of experience, shared his outlook on social media, suggesting that an anticipated October pullback could present a strategic buying opportunity ahead of the next cycle peak.

The prediction aligns with Brandt's historical pattern of identifying multi-year cycles in Bitcoin's price action. He has previously drawn comparisons between the current market structure and earlier bull cycles, arguing that the asset's halving-driven supply mechanics continue to support exponential long-term appreciation. His upper range of $600,000 would represent a roughly tenfold increase from current price levels, underscoring his conviction in Bitcoin's scarcity thesis.

Brandt was less complimentary about XRP, the native token of the XRP Ledger, dismissing it as a "fool coin" and signaling skepticism about its long-term utility. The remark adds Brandt to a growing list of traditional finance figures who have publicly sparred with the XRP community, which has long argued that the token offers advantages in cross-border payments through its association with Ripple.

The comments come amid renewed volatility across the crypto market, with traders closely watching seasonal trends and macroeconomic signals. Whether Brandt's bold price target materializes will depend on institutional adoption, regulatory clarity, and the broader liquidity environment heading into the next halving cycle. For now, his forecast offers a stark reminder of how high some established analysts believe Bitcoin's ceiling could be.