The noted trader has challenged the prevailing market sentiment on Bitcoin
Brandt, however, underscores the nature of markets to anticipate and discount future events, proposing that the ripple effects of Bitcoin halving and a potential Bitcoin ETF have already washed ashore.and Fidelity have been scrambling to launch a spot Bitcoin ETF, a fund that would track the actual price of Bitcoin, rather than Bitcoin futures. The belief is that such a product would significantly increase institutional investment in Bitcoin, leading to a surge in price.
However, in line with his views on halving, Brandt believes this too will be a non-event, putting him in opposition to the prevailing industry opinion. He maintains that Bitcoin's position at the top of the food chain is the only thing that truly matters, dismissing the asset's correlation to other markets as a non-starter.
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