Bitcoin’s long-term price outlook is a major talking point, with veteran trader Peter Brandt recently floating a bold timeline for when the leading cryptocurrency could hit $250,000. The comment came in response to a chart shared on X by NBA legend Scottie Pippen, who showed how Bitcoin’s current structure looks familiar. Brandt not only agreed with Pippen, he also attached a projection that points to a specific year for a when the Bitcoin price will eventually trade above $250,000.

Power Law Projection Points To 2029 Breakout

According to veteran financial analyst Peter Brandt, Bitcoin is on track to setting off to $250,000-plus by late 2029. He only noted this with a simple sentence, but the projection to $250,000 is visible in the…