Peter Brandt Sees Possible 10X, 20X Altcoin Gains — So Why Is He Sticking With Bitcoin?

Veteran trader Peter Brandt said the crypto market could be setting up for what he called the “mother of all alt-coin seasons.” Yet he said his own focus remained on Bitcoin (BTC), even though some altcoins could deliver much larger percentage gains if the setup played out

In a blog post, Brandt explained that his preference for Bitcoin came from his approach to trading after about 50 years in the futures market. According to Brandt, traders usually perform best in markets where they have already developed an edge.

He said he had “no desire to sculpt an edge” in individual altcoins. He instead focused on steadily increasing his net asset value (NAV) “with drawdowns not to exceed 5% or so, from peak to valley.” “For me, risk control is everything,” Brandt said.

Brandt Sees Possible 6X Jump In Altcoin Market

That focus on risk did not stop Brandt from identifying a potentially much larger move elsewhere in crypto. He said the total cryptocurrency market capitalization excluding Bitcoin closed Friday at about $1.12 trillion, near resistance around $1.17 trillion. He added that a longer-term chart formation could point to a much higher level if the market cleared the resistance.https://x.com/PeterLBrandt/status/2101478691326836755?s=20