Peter Brandt Says Bitcoin to Reach $250,000 by 2029, Recommends Buying to NBA Legend

▲ Bitcoin (BTC) Bull Market

Veteran trader Peter Brandt has strongly urged NBA legend Scottie Pippen to buy Bitcoin (BTC), while simultaneously presenting a bold forecast that it could reach $250,000 by 2029.

According to a report on February 22 local time, Brandt, in a conversation with Pippen, analyzed that Bitcoin’s price has entered what is known as the “banana zone,” a parabolic upward trajectory. Brandt emphasized that “Bitcoin possesses supply scarcity that differentiates it from traditional financial assets,” adding that “this scarcity will be the key driving force behind a major price surge.” He noted that his outlook is based on analyses grounded in his past experience of accurately predicting market trends.

Pippen has recently shown strong interest in the cryptocurrency market and appears to be moving to diversify his portfolio. Brandt stressed to Pippen that Bitcoin is not merely a speculative asset but an essential vehicle for long-term wealth accumulation. Citing statistical evidence suggesting that Bitcoin could grow several times its current price by 2029, Brandt implied that now represents the most critical buying opportunity.

The cryptocurrency market is entering a new bullish cycle, driven by the participation of institutional finance and successive endorsements from high-profile figures. Brandt’s latest remarks are gaining considerable trust within the market, and investors are closely watching the likelihood of Bitcoin reaching its projected price target. From a technical analysis perspective, Bitcoin has established strong support levels and appears poised to break through upper resistance.

The Bitcoin market is on a mid- to long-term growth trajectory, fueled by the combination of analysis from a legendary trader and the involvement of prominent figures. The $250,000 target proposed by Brandt is being used as a significant indicator supporting long-term market optimism. Bitcoin’s supply structure and changes in market demand are expected to serve as decisive variables in future price formation.

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