Famous trader Peter Brandt believes Bitcoin (BTC-USD) could reach a price of $250,000 by the year 2029. However, he expects the market to go through a slow and inflation-hedge-and-warns-it-is-really-hard-to-make-money-in-stocks">painful phase where prices stay low, which could last until September 2026.
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Brandt Explains the Four-Year Bitcoin Cycle
His prediction follows the history of halving events that happen every four years. In the past, the price of the coin usually hits its highest point about 16 to 18 months after these events occur. Once the price hits that peak, it often falls into a bear market for about a year.
Brandt Highlights the Timeline for Growth
The last major peak happened in October 2025, which was roughly 18 months after the April 2024 halving. If history repeats itself, the bottom of the current market should happen around October 2026. Brandt suggests that while prices might stay flat or move up and down in a messy way, the real “blast off” to $250,000 likely will not happen until late 2029.
While some other experts think the market already hit its lowest point in February, Brandt is waiting for more proof. He mentioned that he will not be stubborn about his ideas if the market changes. If the price starts to act differently than it has in the past, he said, “I will NOT be dogmatic about it as some are”.
At the time of writing, Bitcoin’s price is sitting at $78,680.
