Peter Brandt Warned Investors About Bitcoin

Veteran analyst Peter Brandt warned investors about Bitcoin. Brandt said you need to think long-term.

Veteran trader Peter Brandt said that Bitcoin (BTC) investors should not expect a rapid rise, but instead think long-term. In a statement on Twitter, Brandt thinks that the correction in Bitcoin price may take a long time, despite the statements of other analysts. Brandt said, "Bitcoin investors are doing a great disservice with their constant 'to the moon' rhetoric. Corrections can take a long time. The message should be long-term durability, not constant hype." https://twitter.com/PeterLBrandt/status/1494463749654204425?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1494463749654204425%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.coinkolik.com%2F%3Fp%3D1127636 MicroStrategy CEO Michael Saylor offered a similar view to Brandt. Saylor said, "Bitcoin is a marathon, not a sprint." Brandt thinks that the hype will wear out investors and says: "I'm just saying that all this hype is going to wear down people's patience in the long run. Rather than exaggerate, we should warn people not to expect overnight gains."