Peter Brandt: Bitcoin's target price for this cycle has been raised to $300000 to $600000

Senior trader Peter Brandt stated that Bitcoin is likely to have entered a new bull market cycle and has raised its forecast for the top of this cycle to $300000 to $600000 by the end of 2029, with a high possibility of reaching $500000. Peter Brandt warns that Bitcoin may rebound to $65000 to $66000 in early October to clear up chasing funds. Brandt is skeptical about the investment value of XRP, calling it footcoin, and stating that XRP has payment purposes and Ripple has banking partners, which does not necessarily mean its value will increase.