Legendary Crypto Trader Peter Brandt Predicts Extended Bitcoin Bull Run

Cryptocurrency headlines: Legendary trader Peter Brandt predicts a Bitcoin bull run until 2025, the Shiba Inu team provides an update on ShibaSwap and Shibarium, and Tesla plans to invest $10 billion in AI training this year.

Legendary Crypto Trader Peter Brandt Forecasts Extended Bitcoin Bull Run

In a recent market analysis update, renowned crypto trader and chartist Peter Brandt has revised his previous projections for Bitcoin's (BTC) current price cycle. In a previous analysis, Brandt predicted a potential peak of $72,723, suggesting that the largest cryptocurrency may have already reached its zenith.

However, in his latest corrections, Brandt assigns only a 25% probability to this scenario. Instead, he revisits a report issued in February that charted a more bullish outlook, forecasting a prolonged uptrend until September-October 2025. This extended bull run could potentially push Bitcoin's price to a staggering $160,000.

Brandt's contradictory forecasts have sparked discussions within the crypto community. Some investors remain optimistic, embracing the potential for significant gains. Others, however, remain cautious, considering the potential impact of exponential decay and the volatility of the cryptocurrency market.

Shiba Inu Team Provides Insight into ShibaSwap and Shibarium Developments

Lucie, the marketing lead and SHIB enthusiast for Shiba Inu (SHIB), has shared an update on the project's ecosystem via a recent platform post. This post primarily focuses on ShibaSwap, a decentralized exchange platform designed to enhance the utility and functionality of the SHIB token ecosystem.

Lucie announces that ShibaSwap is "going multichain," expanding its operations to both Shibarium and Ethereum chains. This strategic move aims to bolster ShibaSwap's security infrastructure and increase its interoperability.

Lucie also highlights the pivotal role of BONE, the governance token for ShibaSwap and Shibarium's gas fee token. Her cryptic remark, "If you know, you know," suggests that BONE may play a significant role in the future development of both platforms.

Tesla to Invest $10 Billion in AI Training

Tesla, the electric automobile giant led by Elon Musk, has announced a substantial investment of $10 billion in AI training this year. Musk emphasizes that companies not investing heavily and efficiently in AI training will face challenges in competing with rivals.

Tesla's significant financial allocation to AI development has sparked speculation within the crypto community about potential collaborations between Tesla and xAI, Musk's AI company founded to compete with OpenAI. Some members of the community envision the possibility of Tesla acquiring a stake in xAI or becoming involved with Grok, xAI's natural language processing project, in the future.

These significant developments in the crypto and technology industries underscore the rapidly evolving landscape of digital assets and artificial intelligence. Investors, analysts, and enthusiasts alike will closely monitor the unfolding events to gauge their potential impact on the global economic and financial ecosystem.