Veteran trader Peter Brandt expects Bitcoin's next cycle peak to fall between $300,000 and $600,000, and says the top of that range could come by 2029. Cointelegraph Magazine published the interview on Sep 29, 2026. Yohan Yun wrote it and Andrew Fenton reviewed it.
Brandt had named October 4 as the day Bitcoin's bear market would end. He now thinks the market reached that turn before his date. In his view, a pullback in October could come before the next cycle peak.
He called XRP a ‘fool coin’ and said he is not convinced by it. The source excerpt does not give his reasons in detail. At the time of publication, Cointelegraph's price ticker listed BTC at $83,648.93 and XRP at $1.53.
These are one trader's price targets, not events. $600,000 is more than seven times the BTC price on the ticker. Nothing in the article says whether any part of the forecast will happen.
For someone already holding a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly. An opinion piece does not reset funding rates, change exchange fees or add order book depth, and the article gives no data on any of them. The cost of holding a position is still set by each exchange's funding and fees, and those are what this site measures.
Source: cointelegraph — Peter Brandt says Bitcoin may hit $600K by 2029, calls XRP a ‘fool coin’