Bitcoin News Today: Experts Divided on Bitcoin's $200K Forecast—Brandt Predicts 2029, Others Push for 2025

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Bitcoin News Today: Experts Divided on Bitcoin's $200K Forecast—Brandt Predicts 2029, Others Push for 2025

Bitget-RWA2025/11/24 20:20

By:Bitget-RWA

- Veteran trader Peter Brandt predicts Bitcoin will hit $200,000 by Q3 2029, contrasting with peers like Tom Lee (2025) and Cathie Wood ($1M by 2030). - Bitcoin's current $86,870 price reflects a 30% decline from its 2025 peak, with ETF outflows correlating to 3.4% price drops per $1B withdrawal. - XRP gains institutional traction via $179.6M ETF inflows, while Solana struggles below $130 amid bearish pressure. - CME Group plans spot-quoted futures for XRP/Solana by Dec 15, 2025, aligning with rising altco

Seasoned trader Peter Brandt has forecasted that

Bitcoin

could climb to $200,000 by the third quarter of 2029, a projection that comes much later than those made by other well-known figures in the cryptocurrency industry. Brandt, who is recognized for his consistently optimistic outlook on Bitcoin, pointed out that the ongoing market slump should be seen as a healthy correction, not an indication of a long-term decline. "This sell-off is actually the best scenario for Bitcoin," he wrote in a Thursday post on X, setting himself apart from the more bullish short-term predictions of peers such as BitMEX co-founder Arthur Hayes and BitMine chairman Tom Lee, who have

previously predicted $200,000 by the end of 2025

Brandt’s outlook is in stark contrast to those of

Coinbase

CEO Brian Armstrong and ARK Invest’s Cathie Wood, both of whom anticipate Bitcoin reaching $1 million by 2030—a figure about five times higher than Brandt’s 2029 estimate. His projection fits into a broader narrative of an extended bull run, highlighting the importance of patience during periods of volatility.

Bitcoin News Today: Experts Divided on Bitcoin's $200K Forecast—Brandt Predicts 2029, Others Push for 2025 image 0

Bitcoin has been trending downward since

reaching a peak of $125,100 on October 5, 2025

, with recent prices falling to $86,870, according to CoinMarketCap.

The current negative sentiment surrounding Bitcoin has been intensified by significant outflows from exchange-traded funds (ETFs), which are on track for their poorest monthly results since their debut in early 2024. In November, investors withdrew $3.5 billion from U.S.-listed Bitcoin ETFs, with

BlackRock’s IBIT—the largest ETF

—responsible for $2.2 billion of those outflows—

leaving the market

. This wave of withdrawals has increased downward pressure, with Citi Research noting that every $1 billion in ETF outflows is associated with about a 3.4% decline in Bitcoin’s value.

At the same time, other digital assets such as

XRP

and

Solana

are experiencing mixed trends.

XRP has bucked the broader market downturn

with $179.6 million in ETF inflows this week, indicating growing institutional interest. In contrast,

Solana (SOL) continues to face selling pressure

, trading below $130 and struggling to surpass its 50-day exponential moving average (EMA) of $166.

The trend toward greater institutional involvement in crypto is also accelerating, with

CME Group preparing to introduce spot-quoted futures

for XRP and Solana on December 15, 2025, pending regulatory clearance. These new contracts, which will follow real-time spot prices, are intended to make it easier for institutions to gain exposure to altcoins. This development comes after a surge in ETF investments for both assets, with

XRP ETFs bringing in $179.6 million

and Solana ETFs attracting $128.2 million during the same period.

Despite near-term obstacles, Brandt’s optimistic long-term view reflects a widespread belief in Bitcoin’s potential as a store of value. His projection is based on the expectation of steady demand growth and a gradual shift in market sentiment, rather than the rapid price increases seen in earlier cycles. This perspective stands in contrast to the more aggressive forecasts from some crypto leaders, illustrating the diversity of opinions within the sector.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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XRP News Today: Institutional ETFs Drive XRP Closer to Widespread Acceptance

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Bitget-RWA•2025/11/24 21:08

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Bitget-RWA•2025/11/24 21:08