Peter Brandt Reveals His Bitcoin and Solana Holdings but Expects a Large Correction This Year

Skilled commodities trader Peter Brandt, who has been in the trading business since the 1970s, has taken to his account on the X social media platform

Skilled commodities trader Peter Brandt, who has been in the trading business since the 1970s, has taken to his account on the X social media platform in the past to share with the community a few stunning crypto predictions and also to share what cryptocurrencies he holds.

As for his predictions, the famous trader expects the crypto market to enter a large correction this year.

Brandt reveals his crypto holdings but here's twist

Peter Brandt admitted that he holds two top-ten cryptocurrencies – in particular, the pioneer one, Bitcoin, and Solana (SOL), an Ethereum rival positioned as another “ETH killer.”

It seems that despite owning crypto, Peter Brandt does not expect Bitcoin to repeat the astounding 1.4 million-fold rise that the world's largest crypto has staged since January 5, 2010, when it traded at $0.07 (while now it is changing hands above $99,000 after reaching an all-time high of over $108,000 in mid-December).

On Jan 5, 2010 Bitcoin was at $.07

In 15 years, $BTC has advanced 1.4 MILLION-fold

Yet, many ppl are expecting a repeat

And many Zs and Ms expect trash_coins to be their redemption & ticket to riches

Go ahead, call me a hater

(I own Bitcoin & SOL)

But I'm buying Kleenex stock

Peter Brandt tweeted that “many people are expecting a repeat”, especially millennials and people from the Z generation. They “expect trash_coins to be their redemption & ticket to riches”, Brandt stated. He revealed that while he holds Bitcoin and Solana, what he prefers to buy now for big profits is not crypto but “Kleenex stock” produced by Kimberly & Clark. Perhaps he was referring just to the stock market in general, giving the name of this company as an example. Brandt even assumed that some crypto holders might begin calling him a crypto hater after that but he does not seem to mind that in any degree.

Big BTC correction, huge altcoin and meme coin correction coming, Brandt says

In another tweet published today, the experienced commodities trader, who is also into crypto trading, stunned the crypto community with some large bearish predictions regarding both largest and smaller cryptos.

I say this having witnessed markets for 50 years. Some will do great from here forward. But too many fools will get too leveraged, miss the top and get blown out in the next 50% correction in BTC, 90% correction in altcoins, 100% correction in memes https://t.co/o33Jnq4IHz

Brandt believes that Bitcoin is in for a 50% correction, while he expects altcoins to crash by 90% and meme coins to lose 100% of their value. He did not specify the time frame when it is likely to happen, but obviously, he was talking about the nearest future, likely about 2025, which has just begun.

Over the weekend, Bitcoin recovered by 3.32%, rising from $96,000 to the $92,255 level, where it is currently changing hands.