Brandt Sees Altcoin Season, But Sticks With Bitcoin

Well-known trader Peter Brandt says the crypto market could be setting up for what he calls 'the mother of all alt-coin seasons.' Despite this, he's sticking with Bitcoin. Brandt has about 50 years of experience in futures markets and prefers areas where he already has an edge.

'For me, risk control is everything,' he said. He focuses on steadily increasing his net asset value (NAV) 'with drawdowns not to exceed 5% or so, from peak to valley.'

Brandt sees a possible 6X jump in the altcoin market, with individual coins potentially gaining 10X or even 20X. However, he's not looking to trade this potential rally himself.

Instead, Brandt points to a bullish setup in Bitcoin itself, calling it 'a bear trap immediately followed by a springboard.'