Schiff's comments on Bitcoin had caught attention of legendary trader Peter Brandt
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.
Schiff's post implied that Bitcoin's widespread recognition and the high attendance at Bitcoin conferences contradict claims of it being a"secret." He also used the comparatively lower attendance at gold conferences to highlight the hype surrounding Bitcoin.Schiff's comments caught Brandt's attention, who did not hold back his response.
The outlook remains optimistic howbeit cautious. In an X post, CryptoQuant CEO Ki Young Ju noted that Bitcoin remains in an accumulation phase as 358,000 BTC were moved to permanent holder addresses over the past month.that the Bitcoin bull cycle might last until mid-2025, citing that old whales selling during bull markets bring new capital into accumulation addresses, thus raising realized prices.
Marathon Digital Holdings, the world's largest Bitcoin miner, added $100 million in Bitcoin over the last month, bringing its total to more than 20,000 Bitcoin. Marathon's CEO and chairman, Fred Thiel, stated in a July 25 X post that the company will"now go full HODL" to keep Bitcoin as its strategic treasury reserve asset.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Legendary Bitcoin Trader Peter Brandt Unveils His Trading SecretsLegendary trader Peter Brandt breaks silence on trading no-nos
Read more »
Legendary Trader Peter Brandt Issues Crucial Bitcoin Warning for BullsPeter Brandt hints at prolonged pain with new Bitcoin price outlook as market sheds $176 billion
Read more »
Legendary Trader Peter Brandt Spots Major Bitcoin (BTC) Buy SignalProminent commodity trader is convinced that leading cryptocurrency going to reach new peak in August 2025
Read more »
Legendary Trader Peter Brandt Highlights Major Bitcoin ProblemVeteran trader noticed tendency that might become issue for trend in future
Read more »
Legendary Bitcoin Trader Peter Brandt Issues Must-Know ETF InsightLegendary trader Peter Brandt reveals truth about ETFs that every investor must know
Read more »
Veteran Trader Peter Brandt Speaks Out on Bitcoin Price RallyBitcoin on track for fourth consecutive day of gains
Read more »