Peter Brandt, a veteran trader and Bitcoin (BTC) bull who gave the prediction of the collapse of the world’s largest digital currency by market value, which has been proven correct, now says he was using XRP, the San , was wrong, Francisco-based blockchain cross-border remittance payment company Ripple.
After calling XRP a scam, Peter now says he was wrong
Peter Brandt once said he viewed Ripple’s native crypto brand as a scam. However, his views on the XRP digital currency seem to have changed completely, as he has now told his Twitter followers that he was mistaken at number five when it came to cryptocurrency.
And his previous view of XRP has been changed by the holders of this digital currency who, according to him, have proven otherwise. “The available character limit has been exceeded. I was tough on XRPers and they proved me wrong, ”he explained.
XRP sees a massive 276 percent rally, Brandt says
His testimony on XRP came while giving a bullish prediction for the fifth largest cryptocurrency. He presented his forecast for XRP back in April when he said the remittance coin would likely see a massive rally of more than 276 percent, which would help the coin retest its previous all-time high and register a new one.
While making his long-term forecast for XRP, he said the digital currency may need a major correction, but he’s not sure when it will happen.
A Come to Jesus correction
While speaking about the leading digital currency, Bitcoin (BTC), he stated that all cryptocurrencies, including Bitcoin, will go through a phase where they will face a “come to Jesus” correction.
As he said in a tweet:
One day – maybe not this month, this year, this decade – $ BTC & Kryptos will have a “Come to Jesus” correction.
Assets / inheritances / life savings are lost
Losers will be:
– Those who really don’t understand cryptocurrencies and can’t stand the pain
-The ones that are being leveraged
– Peter Brandt (@PeterLBrandt) May 2, 2021