Brandt Sees $500K BTC by Late 2029: Next Major Bull Cycle

Peter Brandt, a well-known financial and crypto expert, has shared his long-term Bitcoin price prediction. In an interview, he stated that there is a 'very good chance' that Bitcoin reaches around $500,000 in the next major bull cycle.

This forecast aligns with Brandt's earlier cycle model, which pointed to a peak of $300,000-$500,000 around September or October 2029. The next Bitcoin halving is expected in 2028, and the potential cycle peak would arrive in 2029.

Brandt emphasized that his prediction is not for near-term gains but rather for the long-term prospects of Bitcoin. He also noted that Bitcoin could experience meaningful pullbacks before reaching its predicted price.