Trademarked veteran trader Peter Bradt who entered the trading business in 1976 with ContiCommodity Services yesterday revealed why he trades Bitcoin as he possesses 45 years trading experience in the industry.
Bradt claimed he took up the decision to reveal such information due to series of messages he receives, querying him on his reason for trading Bitcoin.
For so long, trader Peter Bradt has been a lover of Bitcoin if not other assets, and people sometimes look up to his prediction in making crucial Bitcoin investment or trading decisions, despite the fact that he claimed his forecast are conservative.
Peter Bradt, while replying people who ask him why he trades Bitcoin said; “ask no more,” adding that with his 45 years trading experience, no market is comparable to Bitcoin.
“In my 45-year trading career there has never been another market like Bitcoin”, Bradt stated.
Founder of Factor Trading Co, Trader Bradt, further revealed a chart titled ‘History of Bitcoin Parabolic Advances’. The chart shows the growth of Bitcoin in folds, and it also consists of other assets like Dow Jones Industrial Average (DJIA), Amazon (AMZN) and Netflix (NFLX), among others which were compared to Bitcoin.
According to the table, Bradt reveals that since the creation of the listed assets, Bitcoin remains the most performing asset. BTC’s highest value presents 9,765 growth fold from its $2 lowest price in 2011 after its creation.
Amazon (AMZN), second best to BTC, recorded 1,564 growth fold. AAPL, NFLX, DJIA and Gold also followed based on their respective advances from their all-time lows to all-time high.
People ask me why I trade Bitcoin $BTC
Ask no more!
In my 45-year trading career there has never been another market like Bitcoin. pic.twitter.com/K3paF2yIEi
— Peter Brandt (@PeterLBrandt) June 19, 2019
Peter Bradt Echoes $100K Prediction for Bitcoin
For sometimes now, Peter Bradt has been quite bullish in his prediction for Bitcoin, stating that the crypto asset is going parabolic.
In a previous report by Today’s Gazette, Bradt emphasized that considering the present move of BTC in the market, the crypto is threading a path that will likely take it to $50K price tag. Then, he proclaimed that even though 3 parabolic move in a decade is a rare case in the market, the bear has ended for Bitcoin.
Furthermore in a fresh statement, the writer of ‘Diary of a Professional Commodity Trader’ heightened his prediction for Bitcoin. Bradt averred that from the 2018 low price of $3,148, BTC would be going parabolic, reaching a peak around $100,000.