The seasoned commodity trader and analyst, who gained fame in the crypto market for his Bitcoin assumptions, is showing interest in a valuable altcoin segment of the market. The analyst shared his enthusiasm for Non Fungible Tokens (NFT).
Peter Brandt has embraced this altcoin segment!
Famous commodity trader Peter Brandt’s enthusiastic tweets about NFTs are surprising his followers. Earlier this week, Brandt sparked heated debate about the status of the branch, saying that some NFT projects will achieve this. On Sunday, the seasoned trader suggested that NFTs have now managed to go beyond easy JPEGs. In this context, he showed a very progressive stance.
In addition, Brandt noted that a number of projects have managed to improve their functionality and benefits. It remains unclear what exactly Brandt is warming to NFTs, given that he has been highly skeptical of the latest cryptocurrency spree in the past. Because in May, Brandt compared NFTs to Beanie Babies and Pet Rocks. He described NFTs as ‘stupid’ in February.
Now, Peter Brandt has asked his followers to send him their favorite NFTs. The NFT community enthusiastically responded by sharing various photos of NFTs, including The EtherRock, which was purchased for 888 ETH in 2021.
The famous Bitcoin predictor had quite underestimated these altcoin projects in the past. So his negative attitude towards NFTs is no surprise. But it seems that the analyst has now accepted the promise of the technology. Some of the NFT altcoin projects have become quite popular. Some of them are: Bored Ape Yacht Club, CryptoPunk, Everydays, Azuki, Otherdeed for Otherside, Renga and Moonbirds.
Bitcoin confession from Peter Brandt
It’s in the middle Koindeks.comAs you follow, Brandt admitted in early October 2021 that he was in the midst of individuals who could not assume that Bitcoin would go below the $20,000 mark, when crypto twitter was caught in the “Bitcoin laser eyes” frenzy.
As you may recall, at that time everyone was busy adding ‘laser eyes’ to their avatars. Many analysts and traders expected Bitcoin to reach $100,000 in the near future. A significant factor in this was the fact that Bitcoin reached a historic high of close to $69,000 in November last year. However, the leading cryptocurrency fell 72% from its peak. Currently, it is trying to stay above $19,000.
Bitcoin maximalist Michael Saylor also took his place among the celebrities who joined the “laser eyes” family. Saylor argued that Bitcoin was a superior asset to anything else in the financial markets. We remember the famous trader John Bollinger with Brandt and his criticism of the “laser eyes” movement. He did not share the same opinion with BTC maximalists, pointing to the “dangers of dogmatic intent”. However, Peter Brandt, in response, stated that he never expects to see Bitcoin below $20,000 again.