NewsLogical
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • Finance
  • XRP News
  • Price Analysis
  • Coin Guide
  • About Us
    • Contact Us
    • Team
    • Privacy Policy
    • Editorial Policy
    • Write for Us
No Result
View All Result
NewsLogical
No Result
View All Result
Home Bitcoin

Latest: Will Bitcoin Reach $1 Million? Veteran Trader Peter Brandt Shares Opinion

by Oliver Green
May 25, 2019 - Updated on November 26, 2019
in Bitcoin, Cryptocurrency
2 min read
0
0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

The popular assertion that Bitcoin will get to a million dollar is generating different opinions among crypto experts and observers alike.

One of those believers in the assertion that Bitcoin will reach $1 million is veteran software programmer John McAfee who has started defending his points and reasons why Bitcoin could reach $1 million anytime soon.

As this speculation continues to get wide attention, observers are of the opinion that there are many odds of this prediction happening, as well, there are many potential problems.

Theelk Predicts Bitcoin at $1 million by 2025

Not long, a trading view chart analyst Theelk predicted that Bitcoin will reach 1 million by 2025.

What Theelk did in his chart analysis is that he projected every parabolic rise in Bitcoin in the past (previous bull market) and basically arrived at $1 million by 2025.

While some analysts keep on predicting the future of Bitcoin, the digital asset has not reached its all-time high in the past 1 year.

However, Peter Brandt who has been trading for close to 40 years has weighed in on the issue. Peter did not discredit the possibility.

Bitcoin at $1 million Subject to Chaos

Allessio Rastani, who interviewed Peter, first talked about Chaos theory, quoting Linda Bradford Raschke, who said: “I believe that only short-term price swings can be predicted with any precision. The accuracy of a prediction drops off dramatically, the more distant the forecast time. I’m a strong believer in chaos theory.”

This, Allessio said, is the reason he doubt the possibility.

Responding, Peter Brandt said there is no doubt Bitcoin could touch the mark, but he said. he’s trained to offer short term prediction.

“It could be, but I am personally trained for the 2020 Olympic in 100m game. The cow can also jump up to the moon…. If anything is possible, but it is probable.”

Peter, who claimed to be a Bayesian probability thinker, said if Bitcoin is going to reach $1 million, it is going to verify itself in the process.

Summation Against Bayesian Probability

Predicting that Bitcoin is going to reach $1 million is against Bayesian probability, and does not hold together.

Peter Brandt said, statements into the future are subject to Chaos theory. For Bitcoin to go to $1 million, it has to get to 10,000 first, then to 20,000, before landing to $50,000.

“As a trader I’m not interested in buying low and selling high.

He said If he get’s in at $8,000, and Bitcoin goes to a million, he’s only interested in the 60 percent in between.

Peter once claimed there’s 50% chance bitcoin goes to $100,000, the same way there’s chance it goes to zero. He said the $100,000 is not a prediction but a possibility.

Tags: better than BitcoinBitcoinBitcoin (BTC)Bitcoin (BTC) Debit CardBitcoin (BTC) In VenezuelaBitcoin NewsPeter BrandtPeter Brandt Bitcoin $1 million
ShareTweetShareShareShare
Disclaimer

Our authors have investments in cryptocurrencies. However, NewsLogical does not endorse any cryptocurrency project referenced in any of our article. Kindly read our editorial policy. In this wise, do not use any information presented here as investment advice.

Do your personal research before making any investment in cryptocurrency, the market is generally volatile.

Follow us on Twitter telegram facebook.

Oliver Green

Oliver is an online publisher, managing various blogs through the years. He had contributed to multiple blockchain news portals in the US and the UK.Oliver is among the earliest followers of cryptocurrency and blockchain. His interest varies from Political Agendas to recent Technological advancements and now, cryptocurrency acceptance and institutional investing in blockchain. He is now a full-time contributor to TODAY'S GAZETTE

Related Posts

Altcoins

Zilliqa Value Spikes Massively after Liquidity Mining Partnership with Hummingbot

by Khalid Lawal
December 6, 2019
0

The sharding oriented cryptocurrency established to offer better scalabilty and security to users, Zilliqa, is flying in beautiful colors in...

Read more
blockchain

Reserve Bank Of India Reveals Plans To Launch Digital Currency

December 6, 2019
Justin Sun

TRON’s Justin Sun Supports Poloniex’s Decision on Digibyte

December 6, 2019
UPbit Hacker

ChangeNOW Freezes 9 Deposits in Ethereum Transferred by Suspected Upbit Hackers

December 6, 2019
No Result
View All Result

Highlights

Ripple’s XRP Gets Adoption in $140 Billion Gaming Industry

TRON’s Justin Sun Supports Poloniex’s Decision on Digibyte

XRP Price Analysis: Token Will Rise by 27% in January 2020, Analyst Claims

ChangeNOW Freezes 9 Deposits in Ethereum Transferred by Suspected Upbit Hackers

Civic Co-founder: No Matter What, Bitcoin Can’t Reach $28K in 2019, Bets $20K

Cardano Starts Registration Process For Official Stake Pools To Launch Shelley Incentivized Testnet

Trending

Altcoins

Zilliqa Value Spikes Massively after Liquidity Mining Partnership with Hummingbot

by Khalid Lawal
December 6, 2019
0

The sharding oriented cryptocurrency established to offer better scalabilty and security to users, Zilliqa, is flying in...

blockchain

Reserve Bank Of India Reveals Plans To Launch Digital Currency

December 6, 2019
VeChain

VeChain Launches VeVote to Achieve Decentralized Governance Model

December 6, 2019
Institutional Investor Purchases 10 Million XRP from Ripple as Market Turns Bullish

Ripple’s XRP Gets Adoption in $140 Billion Gaming Industry

December 6, 2019
Justin Sun

TRON’s Justin Sun Supports Poloniex’s Decision on Digibyte

December 6, 2019

Follow Us

  • 219 Fans

Recent News

Altcoins

Zilliqa Value Spikes Massively after Liquidity Mining Partnership with Hummingbot

by Khalid Lawal
December 6, 2019
0

The sharding oriented cryptocurrency established to offer better scalabilty and security to users, Zilliqa, is flying in beautiful colors in...

Read more
blockchain

Reserve Bank Of India Reveals Plans To Launch Digital Currency

December 6, 2019
VeChain

VeChain Launches VeVote to Achieve Decentralized Governance Model

December 6, 2019
Institutional Investor Purchases 10 Million XRP from Ripple as Market Turns Bullish

Ripple’s XRP Gets Adoption in $140 Billion Gaming Industry

December 6, 2019
Justin Sun

TRON’s Justin Sun Supports Poloniex’s Decision on Digibyte

December 6, 2019
Facebook Twitter Telegram


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Address: 530 Seventh Avenue, Mezzanine,

New York, NY 10018, United States.

Email: info@newslogical.com

Read More.

Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

Read More.

About us

  • About
  • Contact Us
  • Disclaimer
  • Editorial Policy
  • Privacy Policy
  • Team
  • Write for Us

© 2019 NewsLogical

No Result
View All Result
  • Home
  • General News
  • Bitcoin
  • Blockchain
  • Business
  • XRP News
  • Price Analysis
  • Coin Guide
  • About
    • Team
    • Editorial Policy
    • Privacy Policy
    • Write for Us

© 2019 NewsLogical