Famous Analyst: Non-BTC are Scams

Arguing that Bitcoin (BTC) is the only option, Peter Brandt said that other cryptocurrencies are fraudulent or copycat.

Bitcoin maximalist Peter Brandt made a remarkable post. Brandt, in his post on Twitter, stated that Bitcoin is the only asset that will go all the way in the crypto industry. In addition, Brandt stated that all other cryptocurrencies, including Ethereum, are scammers or counterfeiters.

Peter Brandt Buried Other Cryptocurrencies While Glorifying Bitcoin!

Famous analyst Peter Brandt made an interesting post about crypto the other day.

Brandt, in his post on Twitter, said that Bitcoin (BTC) is the only bet. Although everything seems normal so far, Brandt’s comment about other cryptocurrencies drew attention. The famous analyst stated that other cryptocurrencies, including Ethereum, are wannabes or scammers.

There were those who criticized Brandt’s sharing as much as those who supported it. A crypto maximalist asked Brandt in which category he put Ethereum. Brandt cited the relationship between gold and Bitcoin as an example, adding that Ethereum is also silver. The popular analyst argued that Ethereum can also survive, but Bitcoin is the only legacy.

Crypto maximalists, who disagreed with Brandt’s view, accused the famous analyst of staying from the 1980s. Brandt was said to be lagging behind emerging and growing technologies. On the other hand, supporters said that 95 percent of projects in the crypto sector are fraudulent.

Crypto has been split in two, especially due to what has happened in the last year. Many investors argue that regulations and legal safeguards should be quickly integrated into crypto. However, another part believes that crypto should continue on its way decentralized.