Veteran Trader Advises Gen-Z On Crypto Investment And Hodl Strategy

In a series of tweets, Peter Brandt, a Savvy Trader, advises Gen-Z to invest a major part of their savings in Bitcoin. Interestingly, a few days ago, Brandt addressed “Bitcoin Hodlers,” he said it is in vain to hodl the flagship currency for a longer period.

In his latest tweet series, he advises Gen-Z on making a career and managing saving/earning and investing in quality stocks and Bitcoin and hodl them.

He also mentions that he also supports investment in rental income property. Brandt comes from a traditional stocking background and prefers quality stocks over cryptocurrencies.

Veteran Trader Peter L. Brandt has been around for 50 years and is one of the most famous traders in the crypto industry. In his latest tweet, he addressed Gen-Z and shared some investment advice.

A few days ago, the Veteran trader pointed out the unusual pattern that mirrored the market condition for Bitcoin and Ethereum. Calling out “Bitcoin Hodlers”, he said he is not a big fan of holding Bitcoin for the long-term.

He also gave the prediction that Bitcoin needs to increase by 400% to fully recover from an 80% drawdown.

In the latest tweet, Brandt mentions Bitcoin and ADA, urging GenZ to contribute the most savings to BTC.

Meanwhile, in a different tweet recently, Peter Brandt gave different recommendations to Gen Z college students on how to build their careers and manage their savings/earnings.

Brandt particularly suggested the younger generation choose a field that can easily lend them a well-paying job and, if possible, avoid student debt.

Brisking lightly on investment, he mentioned the world’s leading cryptocurrency by market cap, Bitcoin. According to Brandt, Gen-Z should put a good part of their savings into BTC and also in stocks of strong companies and then hodl them.

He further added in the tweet to keep purchasing and hope for low prices.

My advise to Gen Zers is
-Get degree in a field with jobs
-Avoid student debt as possible
-Secure good job, think about mkts as hobby
-Buy a home/get married/be frugal
-Contribute mo. savings to $BTC & stks of solid companies – & HOLD
-Keep buying/hope for cheaper prices
— Peter Brandt (@PeterLBrandt) March 10, 2022

When asked about how long he has been bullish on Bitcoin by a Twitter user, Brandt responded by saying he has been bullish on BTC for years. However, further adding, he said he tries to be honest and shares charts as they are and not only shares bullish signals.

“Avoid 8hitcoins and jpg.”

The trader got various queries on the tweet thread he shared. Responding to one of them, he revealed that he believes more in stocks than in cryptocurrencies since, according to him, “crypto is still unproven”, and he would choose quality stocks over it. He also slammed ADA, the native Cardano crypto token.

He says he is in favor of rental income property. He would prefer quality stocks over crypto. “Crypto is still unproven IMO. Avoid 8hitcoins and jpgs. Hope for a bear market so that stocks can be bought cheaply.” he adds.