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Legendary trader Peter Brandt, known for his old-school commodities trading, has made a bullish prediction for Bitcoin in a recent blog post. Brandt, who is celebrating his 50th trading anniversary, described Bitcoin as "the trade of a lifetime" and praised its uniqueness compared to other cryptocurrencies. He also bashed altcoins and meme cryptos, emphasizing that they owe their existence to Bitcoin. Brandt's prediction includes a price target of $125,000 for Bitcoin, citing the cryptocurrency's parabolic price advances and its non-hackable nature. He believes that Bitcoin is attempting a hostile takeover of the world's currency system. Brandt's bullish outlook for Bitcoin comes amid ongoing market correction.
