Renowned trader Peter Brandt has long been one of the harshest critics of XRP, but in recent years, his opinion on the cryptocurrency has significantly shifted.
Long History of Criticism
Peter Brandt, an influential trader and analyst, frequently criticized XRP and its holders. In December 2020, he questioned the potential for the cryptocurrency's price increase, suggesting holders of the asset were 'making a mistake.' Brandt also argued that XRP should be regarded as a security.
Transition from Critic to Supporter
By late 2024, Peter Brandt surprised many by acknowledging XRP's prospects in his posts. He described an XRP price chart as 'the most powerful in the crypto world,' calling it a 'leader.'
Impact of Changing Views
Brandt's positive comments about XRP came just before the cryptocurrency began a rapid ascent. His recent remarks about XRP's potential garnered interest among investors and bolstered his reputation.
Peter Brandt's evolving views on XRP demonstrate how the cryptocurrency market can shift the opinions of even its most steadfast critics.
