Peter Brandt Draws Bitcoin’s Future with a Banana Curve

Key Points

1. Peter Brandt's 15-year logarithmic Bitcoin chart, humorously referred to as the 'Banana Curve,' highlights a concentrated price range near $118,000 in 2025.

2. The chart illustrates Bitcoin's evolution from early surges to more tempered waves post-2021, reflecting a maturing market.

3. Two extreme scenarios are presented: Bitcoin could either surge, supported by adoption and inflows into U.S. ETFs, or collapse, invalidating its long-term trend.

4. Market psychology is currently anchored in these bifurcated possibilities, creating directional tension.

5. The 'Banana Curve' raises the question of whether Bitcoin will break upward or downward, adding uncertainty to its future trajectory.