$250,000 BTC by 2029: Peter Brandt Tells Scottie Pippen to 'Buy the Banana' of Bitcoin
Analysis
Price Impact
MedPeter brandt, a veteran chart analyst with over 50 years of experience, has projected a bitcoin price of $250,000 by 2029. this prediction is based on the continuation of bitcoin's logarithmic growth channel, often referred to as the 'banana' by brandt. while this is a significant long-term projection, the impact on immediate price action may be limited as it is not a short-term forecast.
Trustworthiness
HighPeter brandt is a highly respected and experienced market analyst, particularly in futures trading. his long track record and the mechanical, pattern-based nature of his analysis lend significant credibility to his projections.
Price Direction
BullishThe projection of $250,000 by 2029 is inherently bullish. it assumes that bitcoin will continue to follow its historical logarithmic growth channel, suggesting significant upward price movement over the next several years.
Time Effect
LongThe price target of $250,000 is set for 2029, which is a long-term outlook. this timeframe encompasses multiple market cycles, including future halving events. therefore, the price effect is predominantly long-term.
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Cover image via youtu.be Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News This weekend, NBA Hall of Famer Scottie Pippen sparked a fresh Bitcoin debate, but veteran chart analyst Peter Brandt attached a price tag to the conversation. In response to Pippen’s comparison of the market structure in 2020 and 2026, Brandt projected a BTC price of $250,000 by 2029 and told the basketball legend to "buy the banana" of Bitcoin . Advertisement "Banana" logic behind Brandt's 2029 price geometry For the confused, the "banana" is Brandt's shorthand for Bitcoin's curved, multi-year growth channel. Since 2012, the price has oscillated between a lower green boundary, which has marked deep cyclical retracements, and an upper red band, which has coincided with speculative excess. Currently, with the price of Bitcoin trading in the high-$60,000 range after peaking near $92,000 in January 2026, the asset sits in the middle of this range far from historic extremes. HOT Stories XRP Records Largest On-Chain Realized Loss Spike Since 2022 Ripple Partners With Deutsche Bank, $2 Billion in Bitcoin Scooped by Whales, Schwartz Criticizes Logan Paul, Shiba Inu Price Enters Consolidation — Top Weekly Crypto News Source: Peter Brandt Brandt's projection assumes the continuation of a pattern that investors have already witnessed three times: in 2013, 2017 and 2021. Since the timeline stretches across the next halving cycle and into 2029, the "$250,000 BTC" figure is not a prediction for the next quarter, and the trader's credibility matters here with more than 50 years of experience in the futures market. Advertisement You Might Also Like Sat, 02/21/2026 - 17:12 Ripple Partners With Deutsche Bank, $2 Billion in Bitcoin Scooped by Whales, Schwartz Criticizes Logan Paul, Shiba Inu Price Enters Consolidation — Top Weekly Crypto News By Dan Burgin The logic behind $250,000 is as mechanical as pure math: if BTC remains within its logarithmic growth corridor and repeats prior cycle behavior, the upper boundary will migrate back to the mid-six-figure range before the end of the decade. Peter Brandt does not deny Pippen's optimism for Bitcoin but insists that long-term geometry still governs the price of it. Advertisement #Bitcoin #Peter Brandt #Scottie Pippen #Bitcoin Price Prediction