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.
“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 BrandtBrandt’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.
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.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin Surges to Local High of 74,000 USD, US-Iran Conflict and Oil Rally Drive Crypto Market's 320 Billion Dollar Spike
Bitcoin's price briefly surged to $74,451 on March 16, reaching a 40-day high, influenced by US-Iran conflicts and rising oil prices. The market has gained over $320 billion in total, but uncertainties still exist. Analysts suggest dollar-cost averaging between $60,000 and $70,000. Investors should exercise caution to manage potential risks.
GateNews6m ago
Research: 72% of Submarine Fiber Optic Cables Would Need to Fail Simultaneously to Significantly Impact Bitcoin Network
Latest research shows that the Bitcoin network has strong resilience against global submarine cable failures. Approximately 72% to 92% of submarine cables would need to fail simultaneously to cause more than 10% of Bitcoin nodes to go offline. Using the Tor network can enhance interference resistance, with 64% of nodes concealing their locations. Historical failure events have had minimal impact on Bitcoin prices, with resilience determined by the structure of submarine cables.
GateNews7m ago
Robert Kiyosaki Aggressively Buys Bitcoin, Gold, and Oil, Warns of Financial Crisis Approaching in 2026
Robert Kiyosaki warns of intensifying financial crisis in 2026 and has taken heavy positions in Bitcoin, gold, silver, and oil, believing that holding hard assets is safer than holding cash. He expects market downturns to be a good opportunity to buy Bitcoin and emphasizes the importance of risk aversion and yield seeking.
GateNews9m ago
SEC and CFTC Reach New 2026 Cryptocurrency Regulatory Agreement to Jointly Clarify Market Rules
The U.S. SEC and CFTC signed a memorandum of understanding on March 11, planning to jointly coordinate cryptocurrency regulation by 2026, covering six priority areas to mitigate jurisdictional conflicts between the two agencies, providing a clearer market environment and compliance guidance.
GateNews23m ago
France-listed company Capital B increases holdings by 8 BTC, total holdings reach 2844 BTC
Gate News reported that on March 16, French listed company Capital B increased its holdings by 8 bitcoins, bringing its total bitcoin holdings to 2,844 bitcoins.
GateNews27m ago
