In addition to this, the legendary trader highlighted that the popular coin Ripple should be avoided.
Besides suggesting the younger generation, Brandt does not miss a chance to humiliate XRP.
Recently, the veteran trader Peter Brandt opines millennials to invest their 10% of net worth in Bitcoin (BTC). In addition to this, the legendary trader highlighted that the popular coin Ripple should be avoided.
Invest in BTC for Better Living Standards
Moreover, he moved on to Twitter to suggest the X generation and M generation people invest at least 10% in BTC. To enhance their financial situation.
I will give you the same advice I give my X Gen children and M Gen nephews and nieces
Buy a home — any home, but get into the housing market
Work two jobs if you need to
Invest 10% of what you can afford in BTC
Invest monthly in quality tech and value stock ETFs
— Peter Brandt (@PeterLBrandt) June 19, 2020
As per a Twitter user DRO0611, the baby boomers in the US own 21 percent of the total wealth. While the millennials own three percent of that wealth.
However, in response to DRO0611, the master analyst suggested some key points for the young generation. That includes buying a home and get into the housing market, work on two jobs if you need to. Also, invest monthly in quality tech and value stock ETFs.
Peter Brandt: XRP will see a zero soon
According to the cryptocurrency asset firm Grayscale investments, the young generation is going to receive around $70 trillion. Over the next 25 years. However, the research division of Kraken stock market, Kraken Intelligence assumed that if just 3% of these assets came to BTC, the price of Bitcoin will upsurge $200,000.
4/ Relative to marginal supply, the implied price of #Bitcoin in 2044 would be about $350,000 (assuming the $971 billion investment).
The chart below shows the price of bitcoin if this figure is higher or lower. pic.twitter.com/2bcHzYv4RO
— Kraken Exchange (@krakenfx) March 25, 2020
Besides suggesting the younger generation, Brandt does not miss a chance to humiliate XRP. Recently, he recommended his followers to stay away from XRP. In terms of market value.
Looks like Ripple Labs @Ripple has blown the wad allocated to support XRPBTC at .00002060 to .0002075 levels. If ice-line cannot be reclaimed, look for new support at .0000194 on way to .0000145
Hey, I’m just a boomer who hates XRP pic.twitter.com/L0wL3TA1s3
— Peter Brandt (@PeterLBrandt) June 10, 2020
A recent tweet Peter Brandt criticized XRP that it was a clear scam and it will see a zero soon.
Peter Brandt is a leading commodity trader and CEO of Factor LLC. His company offers to trade in forex, future, equity market, and many more.