The famous investor is analyzing what will happen in cryptocurrencies in the coming months.

Senior investor Peter Brandt has something to say about the next generation of traders. Seeing that investors are moving away from Bitcoin and altcoins, the analyst weighs what will happen in the coming months.

 

  Peter Brandt calls out to Bitcoin investors, says what's going to happen in the coming months Crypto analyst Peter Brandt is among those who think the current generation of traders is all about money. According to him, most investors lack plans to trade or recover capital.

  The new generation of traders “buy to get to the moon and lose their hard-earned money as a result”. So Brandt likens these traders more to gamblers who don't know the fundamentals of the markets and how to protect their capital.

 The current market crash has caused many people to talk about the future of the industry represented by investors and analysts. Over the years, many crypto enthusiasts have emphasized the importance of following experts even in the face of adverse market conditions. These fanatical investors are called maximalists. For example, Bitcoin is the most popular cryptocurrency among maximalists. To this class of investors, cryptos are not just about money, they are an asset about technology and the future. 

 “Now, that mentality seems to be changing with the next generation of traders. This thesis belongs to popular investor Peter Brandt. In a tweet, Peter explains that for every generation of traders, there is always a eureka moment when they realize what really matters to them. In this sense, existing investors don't care any more about protecting their capital.

Bitcoin and Ethereum at critical levels

Cryptocurrencies have almost collapsed due to the tightening policies implemented around the world to combat inflation, reducing liquidity from global markets. The wave of sales in crypto assets has become a symbol of escape from speculative assets. While the dollar held on to its 20-year high with concerns that the US Federal Reserve (Fed) will raise interest rates at its meeting that will end tomorrow and the US economy will shrink, almost all other currencies depreciated.

 

 However, the flight from risky assets such as the stock market and crypto has accelerated. While Bitcoin, which fell sharply in the morning hours, tested the level of 20 thousand dollars, Ethereum was traded just above the $ 1000 levels. The increase in risks in the economy and the strengthening of the dollar hit risky assets first. While the US stock markets fell 20 percent from the peak and entered the bear market, the decline in crypto assets, which is seen as the most risky investment tool, was sharp.

 While the decline experienced since the weekend has continued, the daily decline in Bitcoin has again exceeded 8 percent and the leading crypto money has reached the critical limit of $ 20 thousand.