Victor Ugochukwu · Dec 14, 2020 . 5min read
Pro forex and futures trader Peter Brandt says BTC is his single biggest investment position
While responding to Raoul Pal, Brandt says BTC investment represents his single biggest position as a percentage of assets.
By Victor Ugochukwu · Dec 2, 2020 . 4min read
Founder of Factor LLC and expert forex and futures trader Peter Brandt has added his voice to the notable mainstream folks that have gone long on BTC. While responding to Raoul Pal another legendary investor and economist, Brandt said
Apart from real estate, BTC is my single biggest position as a % of assets, but nothing close to the commitment Raoul has made.
Peter Brandt made this comment after Raoul Pal said he is offloading all his gold today and going irresponsibly long on Bitcoin.
Ok, last bomb – I have a sell order in tomorrow to sell all my gold and to scale in to buy BTC and ETH (80/20). I don’t own anything else (except some bond calls and some $’s). 98% of my liquid net worth. See, you can’t categorize me except #irresponsiblylong Good night all.
Peter Brandt is the founder and CEO of Factor LLC, a proprietary trading firm founded in 1981 at the Chicago Board of Trade. Peter is considered to be one of the world’s foremost authorities on the use of classical charting principles to trade futures and forex markets.
Just a few months back, Peter Brandt treasured his stock equity and dollar investments .
With Peter Brandt’s recent comment on BTC, it comes almost as an antithesis to his position just a few months back. In retrospect, Brandt had in September expressed his bullishness on the traditional stock market where he built his reputation. For instance, Brandt was crystal clear of his investment decision when he transitioned into Dollars in September.
“Right now I think the opportunities are greater in the equities market than they are in the crypto market, … I just don’t see myself really speculating much in crypto”
Fast-forwarding to November, Peter Brandt has not only “transitioned” into BTC, but it’s also his single most prominent position as a % of assets.
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