Veteran Trader Believes in Long-Term Bitcoin Investment

Renowned trader Peter Brandt recently revealed a long position in Bitcoin on his trading book, demonstrating his continued bullish stance. This announcement coincides with the publication of his comprehensive trading book, which outlines both long positions in Swiss francs and short positions in Russell 2000 Index futures, alongside commodity orders for coffee and cotton. His investment strategy reflects current market dynamics, as Bitcoin recently surpassed $110,000, surpassing its all-time high (ATH). While retail investors may celebrate this milestone, seasoned traders like Brandt consider it confirmation of ongoing momentum rather than a simple passing mark.