Legendary trader Peter Brandt is flipping the script on what most retail investors believe about Bitcoin and trading. In a recent post, he laid out a surprisingly simple and surprisingly honest plan for building wealth. Spoiler: it has very little to do with day trading.
This is his view: “Trading is the wrong path for 95% of ppl.”
Curious? Read on for more.
Instead of chasing quick wins on a chart, Brandt says most people would be better off focusing on a real job. Whether it’s engineering, plumbing, or veterinary work, he believes steady income and a solid skillset beat market guessing any day.
He outlines a life plan that sounds more like your granddad’s wisdom than a crypto influencer’s thread:
The crypto community seemed to agree with him.
This isn’t an anti-Bitcoin rant. In fact, Brandt clearly values Bitcoin – enough to give it 20% of his ideal portfolio. That’s more than gold, which he’s left out entirely.
The message here is balance. Bitcoin still plays a role in long-term wealth, just not as the centerpiece of some get-rich-quick trading strategy. Brandt’s point is simple: you don’t need to be a chart expert to build a future with crypto in it.
Brandt’s recent market view hasn’t been overly bullish either. A few weeks ago, he warned that Bitcoin might be showing the same pattern it did back in 2022, the one that led to a 75% crash.
He pointed to signs of “topping behavior” in BTC’s recent consolidation, which could push the price below $30,000 if the trend continues. That’s not a prediction to ignore, especially from someone who’s tracked markets for decades.
Brandt is challenging the mindset behind today’s trading culture. He is pushing for something more sustainable: simple living, smart investing, and a long-term view that includes, but doesn’t rely entirely on, Bitcoin.
Brandt’s advice might just be the real long-term play worth following.
Peter Brandt is a veteran trader and author with over 40 years of experience in commodities and technical analysis.
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