Veteran Trader Projects Bitcoin at $200K by 2029 as Early Whale Exits $1.3B Position

Peter Brandt forecasts Bitcoin will not reach $200,000 until late 2029, extending the timeline beyond industry predictions. An early Bitcoin holder linked to Owen Gunden has transferred 11,000 BTC valued at approximately $1.3 billion to exchanges since late October, according to Arkham Intelligence. The movements potentially mark a complete exit from holdings accumulated since 2011.