Peter Brandt Predicts Bitcoin Bottom Near $40,000 Before Multiyear Rally

Veteran trader Peter Brandt says bitcoin has further to fall before its next major advance, telling Trade Secrets show host Ciaran Lyons he expects a bottom near $40,000 to $50,000 in early October, followed by a rally that carries the asset above $250,000 by 2029.

During the discussion, Brandt pointed to what he calls the “banana model,” a recurring pattern of highs and lows he says has repeated closely across bitcoin’s trading history. He said the asset could see a bounce of roughly $10,000 along the way down before resuming its decline into the $40,000 zone.

Brandt said markets do not bottom on neutral sentiment. He argued the shift will come when longtime holders abandon the asset entirely.

“Anyone who thinks bitcoin should be in a bull market right now is not paying attention to the big cyclic nature of bitcoin,” Brandt stressed.

Despite his short-term bearish call, Brandt remains structurally bullish long-term. He argues BTC’s role is not so much transactional, but as a place to hold wealth over time. Brandt stressed:

“Bitcoin is a superior store of value.”

“I personally think bitcoin goes above $250,000. I think bitcoin tops then in 2029,” Brandt explained, adding that a top likely arrives in late summer of that year, in the $250,000 to $300,000 range.

Brandt dismissed concerns that a shift toward anti-crypto U.S. policy would derail bitcoin’s longer cycle. He said bitcoin actually rose during past periods of government hostility and fell during a pro-crypto administration, and he expects markets to find their own equilibrium regardless of political shifts.

He named quantum computing as the more serious long-term threat, not because of a direct hack on the Bitcoin protocol, but because new technology could reshape how value is transacted and stored altogether.

While some traders point to 2030 for a $1 million bitcoin, Brandt pushed that timeline back. He told Lyons that he expects that level in 2031 or 2032, and that 2030 is more likely to fall within a bear market rather than a peak.

Asked how he would split $10,000 across bitcoin, gold and silver, Brandt said he would build the position gradually as prices fall, rather than deploying it all at once. He called silver in the mid-$50s and gold under $4,000 attractive entry points and said he would treat the allocation as a multi-generational holding.

On altcoins, Brandt said he expects a possible minor altcoin season through the summer, but reiterated his long-held view that bitcoin remains the only true store-of-value asset in crypto, with most other tokens likely to lose value over time.