Famous trader Peter Brandt said in a post on Twitter that one of the biggest positions he has is Bitcoin.
With the decline of the cryptocurrency market, many companies came to the brink of bankruptcy and investors began to shape their strategies. Trader Peter Brandt also highlighted the power of cryptocurrencies by quoting a video post mocking cryptocurrencies.
This was funny more than a year ago when $BTC was making a top at $57,000. It is still one of the funniest TV segments ever produced and will be forever more no matter what Bitcoin eventually does @saylor @billmaher https://t.co/1S1wMLZdOR
— Peter Brandt (@PeterLBrandt) August 4, 2022
Peter Brandt Trusts Bitcoin
Peter Brandt shared a video clip from “Real Time with Bill Maher” on Twitter that made fun of certain cryptocurrencies, including Dogecoin.
Citing the clip in his tweet, Brandt reminded that in the weeks after the episode aired, Bitcoin reached a peak of $ 57,000 and emphasized that the situation was funny. He went on to explain under his post and said that despite losing more than half of its value in recent months, Bitcoin is still one of its biggest positions.
I think I struck a raw nerve with some people who are still long Bitcoin from double the present price.
For the record, Bitcoin is one of my personal largest ownership positions— Peter Brandt (@PeterLBrandt) August 4, 2022
Another major position is gold, Brandt added, adding that he used a different risk management strategy for the separate pot of money allocated in late 2018.
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