Brandt Sees Bitcoin at $600K by 2029, Dismisses XRP

Veteran trader Peter Brandt said Bitcoin could be on track to reach as high as $600,000 by 2029, framing any near-term October weakness as a possible entry point before the next cycle peak. His forecast places Bitcoin’s next major top in a wide range of $300,000 to $600,000, underscoring a long-term bullish view despite expected volatility along the way.

Brandt’s comments arrive as Bitcoin trades in a market still shaped by strong risk appetite. The Fear and Greed Index sits at 73, a reading that suggests traders remain constructive on digital assets even after a strong run. In that setting, pullbacks may be viewed less as a trend break and more as a reset within a broader uptrend.

He also renewed criticism of XRP, referring to it as a “fool coin.” The remark reflects a long-running divide in crypto markets between assets with clear monetary narratives, such as Bitcoin, and tokens whose valuation depends more heavily on network adoption, payments use cases or speculative positioning.

Brandt’s outlook does not amount to a short-term price target, but it does reinforce a familiar market thesis: Bitcoin’s long-term upside often depends on prior corrections being absorbed by institutional and retail demand. If the market does see an October retracement, traders will likely watch whether spot demand, ETF flows and macro conditions continue to support the broader trend.