Veteran Trader: Bitcoin Bull Run Just Starting as Investors Flee Dollar Debasement
• Veteran trader Peter Brandt believes Bitcoin's bull run is just starting based on historical price action • Brandt says huge monthly candles like Bitcoin's 45% surge in January are usually "starting" or "take-off" candles • The trader thinks Bitcoin and other assets are rising because investors believe the US dollar is being debased through debt • Brandt says owning assets like stocks, crypto, etc. is effectively shorting the dollar as inflation rises • At writing, Bitcoin traded for $61,890 while US national debt hit record highs of over $34 trillion