A veteran trader who accurately predicted Bitcoin’s collapse in January of 2018 says he was too critical of those who support XRP.
Peter Brandt once called the crypto asset a scam, but he now tells his 484,000 followers on Twitter that XRP traders have proven him wrong.
“Ran into the available character limit. I’ve been harsh on XRPers and they have proved me wrong.”
Brandt’s statements come as he anticipates XRP to see new all-time highs. In April, he forecasted that the remittance token is set for a 276% rally.
In the long run, though, he says that crypto will have a massive correction, but the timing is uncertain.
Someday – maybe not this month, this year, this decade – $BTC & cryptos will have a "come to Jesus" correction.
Fortunes/inheritances/life savings will be lost
Losers will be:
-Those that really don't understand cryptocurrencies & cannot stand the pain
-Those that are leveraged
— Peter Brandt (@PeterLBrandt) May 2, 2021
Brandt also commends young traders who place their money on Bitcoin (BTC), XRP, and other crypto assets.
“I need to express my greatest respect and awe for the Ys and Zs who are embracing investing, trading and cryptos in a remarkable way.
I welcome you to the world of trading and am learning a lot from you. I hope BTC XRP et al go to the Moon and beyond.”Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Pavel Chagochkin