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Trader Who Called Current Bitcoin Rally Warns of Altcoin ‘Dot Com Bubble’

Published 06/28/2019, 07:49 AM
Updated 06/28/2019, 08:01 AM
© Reuters.  Trader Who Called Current Bitcoin Rally Warns of Altcoin ‘Dot Com Bubble’
BTC/USD
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Bitcoin (BTC) will continue to grow but altcoins will not feel the benefits, veteran trader and author Peter Brandt predicted in a new market forecast on June 27.

Writing on social media, Brandt, who has become a vocal source on cryptocurrency prices, said that unlike the previous bull market cycle in 2017, bitcoin’s gains would not have a knock-on effect elsewhere. He summarized:

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