Legendary trader with 43 years of experience trading on financial markets, Peter Brandt, recently mentioned in a tweet, but this time it is not a comment about the trend of the cryptocurrency ...
Peter Brandt, a veteran trader who is known in the crypto world for correctly forecasting the historic decline of the bitcoin market in 2018, recently said he was moving away from bitcoin.
Specifically, on twitter, Brandt said that he re-adjusted his portfolio in which he sold shares, as well as sold the majority of his forex holdings and sold the BTC he had. hold before time.
The reason for this is that he wants to switch to holding the US dollar.
After five months of falling, the US dollar index has recovered slightly (+ 0.5%) this week, as reported by MarketWatch.
Both gold and bitcoin reacted negatively to the US dollar rebound, with BTC trading at $ 10,283 at press time, down almost 10% on the day.
Brandt has previously expressed optimism about bitcoin's long-term prospects. In February, a month before the Covid-19 outbreak in the US, the trader said that BTC is in a historic bullish trend and there are signs that bitcoin could climb "a lot higher" than it did. with the $ 100k mark he predicted would happen in 2021.
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