Legendary analyst warns of 80% Bitcoin ‘decay’

Legendary trader and analyst Peter Brandt—well-known for correctly predicting past moves in the S&P 500 benchmark—has raised another sound alarm and this time he has taken Bitcoin (BTC) to the cleaners. The veteran trader addresses Bitcoin investors in an X post on Dec. 14 in which he shared a long-term price chart and raised four key points. Related: Another popular crypto company shuts down amid market crash The chart shows Bitcoin’s price since 2010 and the pink curves highlight Bitcoin’s major bull ...