Veteran Trader Peter Brandt Makes Sensational Bitcoin Fiat Argument
==========

Peter Brandt, a veteran trader, argues for the eventual decline of fiat currencies and highlights Bitcoin's growing significance. Brandt compares Bitcoin against the total U.S. money stock (M1) and draws parallels between Bitcoin's performance and the Dow Jones Industrial Average during the Great Stagflation of the 1970s. He identifies an inverted head and shoulders pattern in Bitcoin's chart, suggesting a potential upward price movement. Brandt acknowledges skepticism but presents multiple references to support his argument. The identified pattern could signify a fundamental shift in the concept of money. At the time of writing, BTC was trading at $67,722.

#Bitcoin #FiatCurrencies #PeterBrandt #TechnicalAnalysis #InvertedHeadAndShouldersPattern

https://www.investing.com/news/cryptocurrency-news/veteran-trader-peter-brandt-makes-sensational-bitcoin-fiat-argument-3466828