Peter Brandt, a veteran trader with a reputation for his no-nonsense approach to financial markets, has long been a vocal critic of XRP. His disdain for the cryptocurrency and its holders was evident in his past remarks, including a December 2020 post where he harshly said, “If you own XRP, then 10X shame on you for being such an idiot.” His criticisms extended to questioning XRP’s potential and its future as a viable investment.
Brandt’s skepticism didn’t stop there. In May 2024, he took it a step further by stating that “XRP should be considered a security. Eventually, it will be.” This comment underscored his continued doubts about XRP’s place in the market, with predictions that the asset’s value would eventually plummet to zero.
The story of Peter Brandt https://t.co/TMlysrOK6K pic.twitter.com/KRMIa27A4H
— Mr. Intuitive 🏴☠️ (@BlackberryXRP) January 12, 2025
However, by late 2024, Brandt’s stance on XRP began to shift. After years of dismissing the cryptocurrency, he acknowledged XRP’s growing market presence and strong technical performance. In one of his later posts, Brandt even shared an XRP price chart, calling it “the most powerful chart in the crypto world.” This marked a dramatic reversal, as he now referred to XRP as the “leader of the pack,” signaling newfound optimism.
Leader of the pack $XRP pic.twitter.com/mld7fp0vbM
— Peter Brandt (@PeterLBrandt) January 11, 2025
Despite this shift, the XRP community hasn’t forgotten Brandt’s past criticism. Mr. Intuitive, a notable crypto figure, pointed out Brandt’s earlier dismissive remarks and juxtaposed them with his recent, positive comments, highlighting XRP’s influence in changing Brandt’s view.
Brandt’s turnaround came at a pivotal time. Following Donald Trump’s victory in the U.S. Presidential election, XRP experienced a major surge, climbing to its highest price since 2018. Brandt’s latest analysis suggests that XRP could rise above $8, with bullish charts and renewed expectations for its future.
Also Read: XRP to $20,000? Community Expert Outlines Vision for Ambitious Price Surge
Peter Brandt’s evolution from a harsh critic to a staunch supporter of XRP speaks volumes about the asset’s growing influence, even among its most vocal detractors.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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