Veteran Trader Peter Brandt Slams Crypto Bros Holding Dollars Via Tether (USDT) On Binance, Labels Exchange As 'Scam Of The Decade'
Portfolio Pulse from Mehab Qureshi
Veteran trader Peter Brandt criticized cryptocurrency enthusiasts who hold assets via Tether (USDT) on Binance, labeling the exchange as a scam. He highlighted an incident where Binance US executed Bitcoin sell orders at $8,000 while it was trading at $60,000 on other platforms. Brandt also declared Bitcoin as the only trustworthy cryptocurrency, calling others 'wannabees or scams'.
July 10, 2023 | 6:54 am
News sentiment analysis
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NEGATIVE IMPACT
Peter Brandt's comments labeling all cryptocurrencies other than Bitcoin as 'wannabees or scams' could negatively impact Ethereum's price.
Brandt's comments could lead to decreased trust in Ethereum and other cryptocurrencies, potentially leading to a decrease in Ethereum's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Peter Brandt's criticism of Tether and Binance could negatively impact Tether's price.
Brandt's comments could lead to decreased trust in Tether and Binance, potentially leading to a decrease in Tether's price.
CONFIDENCE 80
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Peter Brandt's criticism of Binance and his declaration of Bitcoin as the only trustworthy cryptocurrency could potentially influence investor sentiment and impact Bitcoin's price.
Brandt's comments could lead to increased trust in Bitcoin and decreased trust in other cryptocurrencies and exchanges, potentially leading to an increase in Bitcoin's price.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80