[Trader Peter Brandt: Bitcoin Won't Break $200,000 Until Q3 2029] According to a report by Jinse Finance, renowned trader Peter Brandt stated that he does not believe Bitcoin will surpass $200,000 by the end of this year, as some cryptocurrency industry executives have predicted. In fact, he believes it may take nearly four more years to reach this price level. In a post on the X platform (formerly Twitter) on Thursday, Brandt said: 'The next Bitcoin bull market should push its price to around $200,000, which is expected to occur around Q3 2029.' He also emphasized that he is a 'long-term Bitcoin bull.' Brandt's prediction is noteworthy for several reasons. Many prominent Bitcoin supporters, such as BitMEX co-founder Arthur Hayes and BitMine chairman Tom Lee, had previously predicted that Bitcoin would reach at least $200,000 by the end of this year. As recently as October, both Lee and Hayes reiterated their confidence in this forecast.