Peter Brandt predicts Bitcoin won’t hit $200K until 2029. Bitcoin’s current downturn may lead to greater growth, says Brandt. Industry leaders’ $1M Bitcoin predictions clash with Brandt’s caution. Veteran trader Peter Brandt has cast doubt on the possibility of Bitcoin reaching $200,000 before the end of this year. In a recent social media post, Brandt firmly stated that such a price point for Bitcoin is unlikely to occur anytime soon, predicting that the cryptocurrency could take up to four more years to reach that target. According to Brandt, the next significant bull market could push Bitcoin to around $200,000, but that won’t happen until the third quarter of 2029. Full disclosure folksOf my maximum ever Bitcoin position I still own 40%, at a price 1/20th of Saylor's avg buy.I am a long-term bull on Bitcoin. This dumping is the best thing that could happen to Bitcoin. The next bull market in Bitcoin should take us to $200,000 or so. That… — Peter Brandt (@PeterLBrandt) November 21, 2025 Also Read: Ripple CEO to Speak at Binance Blockchain Week, XRP Army Reacts A Stark Contrast to Other Industry Predictions This forecast stands in stark contrast to predictions made by other prominent figures in the crypto world. BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee, both of whom have expressed confidence in Bitcoin hitting $200,000 before the end of 2023, have been some of the loudest proponents of a bullish Bitcoin outlook. Their expectations for the near future sharply differ from Brandt’s more conservative prediction. Moreover, the difference in outlook continues with other industry leaders like Coinbase CEO Brian Armstrong and ARK Invest’s Cathie Wood, who have projected Bitcoin could reach a staggering $1 million by 2030. Their estimates are not just more optimistic but far more aggressive than Brandt’s stance, which positions Bitcoin at much lower levels in the same time frame. As Bitcoin faces recent price struggles, Brandt’s caution seems even more reasonable. After setting an all-time high of $125,100 on October 5, Bitcoin’s value has plummeted by over 30%. The price fell below $90,000 and, as of the latest reports, stood at approximately $86,870. However, Brandt views this price correction as a healthy market reset rather than a sign of impending failure. He emphasized that such pullbacks are vital for Bitcoin’s long-term growth and that similar corrections have led to significant future gains in the past. Brandt Draws Parallels to 1970s Soybean Market Brandt has also compared Bitcoin’s current behavior to the soybean market in the 1970s. He noted that soybean prices hit a peak, only to fall sharply by 50% when global supply exceeded demand. This historical analogy serves as a backdrop to his more cautious Bitcoin forecast, suggesting that Bitcoin might be experiencing a similar period of market correction. While Bitcoin remains down more than 20% over the past month, Brandt’s long-term optimism for the cryptocurrency’s future remains unchanged. Despite the current downturn, he believes the market reset could provide the foundation for future growth. For now, Brandt’s more reserved prediction suggests that Bitcoin’s road to $200,000 will be a longer and more gradual journey than many in the industry expect. Also Read: Avalanche Powers Record Financial’s Real-Time Royalty Payments for Artists The post Peter Brandt Predicts Bitcoin Won’t Hit $200,000 Until 2029 – Here’s Why! appeared first on 36Crypto. Peter Brandt predicts Bitcoin won’t hit $200K until 2029. Bitcoin’s current downturn may lead to greater growth, says Brandt. Industry leaders’ $1M Bitcoin predictions clash with Brandt’s caution. Veteran trader Peter Brandt has cast doubt on the possibility of Bitcoin reaching $200,000 before the end of this year. In a recent social media post, Brandt firmly stated that such a price point for Bitcoin is unlikely to occur anytime soon, predicting that the cryptocurrency could take up to four more years to reach that target. According to Brandt, the next significant bull market could push Bitcoin to around $200,000, but that won’t happen until the third quarter of 2029. Full disclosure folksOf my maximum ever Bitcoin position I still own 40%, at a price 1/20th of Saylor's avg buy.I am a long-term bull on Bitcoin. This dumping is the best thing that could happen to Bitcoin. The next bull market in Bitcoin should take us to $200,000 or so. That… — Peter Brandt (@PeterLBrandt) November 21, 2025 Also Read: Ripple CEO to Speak at Binance Blockchain Week, XRP Army Reacts A Stark Contrast to Other Industry Predictions This forecast stands in stark contrast to predictions made by other prominent figures in the crypto world. BitMEX co-founder Arthur Hayes and BitMine chair Tom Lee, both of whom have expressed confidence in Bitcoin hitting $200,000 before the end of 2023, have been some of the loudest proponents of a bullish Bitcoin outlook. Their expectations for the near future sharply differ from Brandt’s more conservative prediction. Moreover, the difference in outlook continues with other industry leaders like Coinbase CEO Brian Armstrong and ARK Invest’s Cathie Wood, who have projected Bitcoin could reach a staggering $1 million by 2030. Their estimates are not just more optimistic but far more aggressive than Brandt’s stance, which positions Bitcoin at much lower levels in the same time frame. As Bitcoin faces recent price struggles, Brandt’s caution seems even more reasonable. After setting an all-time high of $125,100 on October 5, Bitcoin’s value has plummeted by over 30%. The price fell below $90,000 and, as of the latest reports, stood at approximately $86,870. However, Brandt views this price correction as a healthy market reset rather than a sign of impending failure. He emphasized that such pullbacks are vital for Bitcoin’s long-term growth and that similar corrections have led to significant future gains in the past. Brandt Draws Parallels to 1970s Soybean Market Brandt has also compared Bitcoin’s current behavior to the soybean market in the 1970s. He noted that soybean prices hit a peak, only to fall sharply by 50% when global supply exceeded demand. This historical analogy serves as a backdrop to his more cautious Bitcoin forecast, suggesting that Bitcoin might be experiencing a similar period of market correction. While Bitcoin remains down more than 20% over the past month, Brandt’s long-term optimism for the cryptocurrency’s future remains unchanged. Despite the current downturn, he believes the market reset could provide the foundation for future growth. For now, Brandt’s more reserved prediction suggests that Bitcoin’s road to $200,000 will be a longer and more gradual journey than many in the industry expect. Also Read: Avalanche Powers Record Financial’s Real-Time Royalty Payments for Artists The post Peter Brandt Predicts Bitcoin Won’t Hit $200,000 Until 2029 – Here’s Why! appeared first on 36Crypto.