Legendary trader Peter Brandt reveals his perfect Bitcoin formula.

Peter Brandt, a veteran trader, not only analyzes the market but also offers profound reflections on life choices in a recent article. As a legend in the trading field, Brandt surprised many by recommending that most people should give up the dream of day trading, live simply, and invest wisely. He believes that Bitcoin still plays a certain role, but not in the way that many people usually think.

According to Brandt, trading is truly the "wrong path" for 95% of the population. Instead of pursuing quick profits from screen trades, he advises focusing on developing practical skills — such as plumbing, engineering, sales, or veterinary medicine.

The rest of the plan sounds traditional, but it carries a lot of meaning: live within your financial means, get married, have children, buy a duplex and rent out half. Then, invest monthly with a clear allocation: 80% into the S&P 500 through the SPY fund and 20% into Bitcoin.

When you have decades of experience in the commodities and cryptocurrency markets, such an investment portfolio offers a completely different perspective. This does not mean that Brandt is against Bitcoin; in fact, he has chosen to invest in cryptocurrencies rather than gold in his investment advice.

The 20% ratio indicates that Brandt still sees Bitcoin as an essential part of the long-term asset picture. This serves as a reminder for those who are focused on the candlestick charts, hoping to beat the market every day.

However, it is worth noting that a few weeks ago, Brandt predicted that Bitcoin might be following a similar path as in 2022, when the price had dropped sharply by 75%. His chart analysis indicates that the current consolidation of BTC could be a sign of a peak, which is threatening the price level of 30,000 USD for Bitcoin at this time.

Mr. Teacher