Bayesian cryptocurrency trader, Peter Brandt, has indirectly tongue-lashed Chainlink, when asked by a Twitter follower to make comment on the future of the digital currency which gained traction this year 2019 due to its rising value in the market.
Enthusiasts of Chainlink (LINK) sought the advice of Peter on the next possible move of the digital currency in the cryptocurrency market, to know if the asset is worth betting on.
To their dismay, Peter Brandt, who had made several predictions about Bitcoin and some other cryptocurrencies at some point in time, disparaged Chainlink, calling the digital currency, earlier listed by Coinbase, a ‘shitcoin’.
Peter said there was no reason to speculate about shitcoins, here he meant Chainlink, moving forward that the digital currency is nothing but a pretender.
The professional commodity trader branded all digital currencies aside Bitcoin as “shitcoins”, emphasizing that there’s no point speculating about them when Bitcoin is the king.
He said: “I see no reason to speculate in the $8hitcoins. There is $BTC, then there are the pretenders.”
Peter Brandt’s statement was precipitated by a twitter user who asked for the Bayesian probability trader’s though on Chainlink.
I see no reason to speculate in the $8hitcoins. There is $BTC, then there are the pretenders.
— Peter Brandt (@PeterLBrandt) December 8, 2019
The staunch Bitcoin trader, veteran trader Peter Bradt, entered the trading business as far back as 1976. He is one of the eldest surviving traders with over 45 years of trading experience. He has been an unwavering trader of Bitcoin and many people look up to him on the next Bitcoin big moves.
Peter founded Factor Trading Co, and has been linked with a prediction that Bitcoin has the potential to reach $100,000 any time soon.
Chainlink (LINK) in 2019
Chainlink has been among top-performing cryptocurrencies in 2019 even though there has been cryptocurrency winter since. The digital asset was recently listed on Coinbase, in a surprising but rewarding manner.
According to an official message by the blockchain firm, “Google is one of the great companies integrating Chainlink into their approach to smart contract adoption”.
We're thrilled to share that Google is one of the great companies integrating #Chainlink into their approach to smart contract adoption. Here's how @GCPcloud users can use Chainlink to connect to BigQuery, one of Google's most popular cloud services. https://t.co/TfaGPP5TlS
— Chainlink – Official Channel (@chainlink) June 13, 2019
Before the Google announcement by Chainlink, the market capitalization of Chainlink was around $400 million. After the message, the market capitalization moved as high as $1.54bn.