Thursday, August 11, 2022

Bitcoin Tops Popular Trader Peter Brandt’s Portfolio

Popular trader Peter Brandt recently revealed that one of his biggest ownership positions is Bitcoin. In one of his tweet threads, he also shared a video clip of the show “Real Time with Bill Maher”. In this clip, the host is seen making fun of the cryptocurrency industry and some coins including Dodgecoin. After this clip went viral, the crypto community also criticized him and appeared very angry with him.

Peter Brandt shared a video clip of the show “Real Time with Bill Maher” in a tweet last Thursday. In this, TV host Bill Maher can be heard making fun of cryptocurrency. Sharing the clip, Peter wrote in a tweet: “It was funny a year ago, when BTC topped $57,000. This is still one of the most hilarious TV segments out there and will be around forever no matter how bitcoin eventually ends.” do anything.”

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Certainly his tweet was not going to be liked by the bitcoin community and he would have faced outrage on social media too. This was the reason why he also confirmed in this tweet thread that bitcoin is still one of his biggest positions, although it has lost more than half of its value in the past few months. Brandt later said he was using a different ricks management strategy for the separate “pot of money” allocated at the end of 2018.

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Another big position for Brandt at the moment is gold, as half of his 60% is gold, and bitcoin is seen as a hedge against all USD-denominated investments.

UToday’s accordingDespite all the negativity surrounding the cryptocurrency market, digital gold is showing some signs of strength as BTC seems to be crawling back above the $23,100 range. Bitcoin has been in an uptrend for the past 24 days, which is why it is safe to say that Bitcoin is in a short term uptrend.

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