Bitcoin gets to 20,000, Peter Brandt refuses to call it a bubble

Bitcoin, the most interesting cryptocurrency for investors judging by the fact it was the first one to have its own futures, has reached a new all-time high on Coinmarketcap, which means it costs around 20,000 on most exchanges, this number being an average price. Some cars are cheaper than twenty thousand dollars, that’s how expensive Bitcoin become.

Who in 2013 would have thought this is going to happen? Quite probably, the Winklevoss twins, as their fortune grows with every thousand dollars Bitcoin gets to, and their crypto investment already overpassed 1 billion dollars, while initially it was just 11 million.

While most traditional economists still think it’s a bubble (and it would be strange if they just changed their mind after Bitcoin reached 20,000), an expert in commodity trading refuses to call Bitcoin a bubble on his Twitter. Getting over 500 retweets, he tells that the current growth is just a mania and “underlying distributed ledger blockchain technology will revolutionize global finance.” His name is Peter Brandt, and he is an author of the Amazon bestseller called Diary of a Professional Commodity Trader, so it’s not some usual blockchain evangelist speaking.