Legendary trader Peter Brandt says Bitcoin is his most important position

According to the trader’s post, one of the most important positions held by Brandt is Bitcoin. But in the thread in which he mentioned this fact, Brandt promoted a clip of “Real Time with Bill Maher” in which the host teases the cryptocurrency sector and some coins, including Dogecoin.

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Brandt added that it was funny that just a few weeks after the episode went live, Bitcoin hit a local high of $ 57,000, showing how oversaturated the market was given the variety of scam projects, inherently useless NFT collections and projects. DeFi.

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After the cryptocurrency community turned to the veteran trader, it made it clear that Bitcoin is still one of its most important positions, despite losing more than half of its value in recent months. Brandt added that he used a different risk management strategy for the separate “money pot” authorized at the end of 2018.

Another important position for Brandt is gold at this point, as half of its 60% is gold and Bitcoin is considered a hedge against all investments shown in USD.

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Comment sent Bitcoin in the market today?

Despite all the negativity in the cryptocurrency market, digital gold is showing signs of strength as BTC is back above the $ 23,100 price threshold. Bitcoin has been up for 24 days, which is why it is safe to say that the first cryptocurrency is up in the short term.

Considering three successful trend tests, we can clearly state that the first cryptocurrency is supported by market bulls and, with the help of institutional investors, digital gold could reach new highs.

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