- Peter Brandt attacks how people hype up Bitcoin.
- Michael Saylor was quick to refute Brandt’s statement.
- Saylor replied to Brandt by saying, “Bitcoin is a marathon and not a sprint.”
Crypto analyst and CEO of Factor LLC, Peter Brandt, shared his dislike of how traders create hype and false messages around Bitcoin (BTC). Amid the criticism, Michael Saylor was quick to respond in defense of BTC.
Brandt shared that:
Bitcoin $BTC – major highs and length to exceed them. Cheerleaders, who constantly beat the drums of “to the moon” are doing a huge disservice to $BTC investors. Corrections can be lengthy. Long endurance, not constant hype, should be the message.
As said earlier, CEO Michael Saylor interfered and responded in kind on behalf of BTC, which spiked the argument between the entities. Saylor opined that Brandt should not just take Bitcoin as a mere currency. Instead, BTC is an asset of value.
Furthermore, he raised a series of comments that shows that Bitcoin doesn’t depend on hype and false messages from traders to survive. Irrespective of the tons of cryptos existing, Bitcoin still reigns as a prominent currency and should be considered as “a marathon and not a sprint”, Saylor said.
To add, Brandt’s Bitcoin hype critics sparked conversations among various BTC believers and non-believers on Twitter (NYSE:TWTR). As a result, traders got the chance to express their disbeliefs against Brandt. The majority of the Bitcoin supporters described Brandt’s statement as bogus.
Meanwhile, regardless of how Bitcoin supporters struck on Brandt, the public was advised to veer away from the hype and should instead be educated and be cautious, not expecting any overnight gains, as long as Bitcoin is concerned.