Peter Brandt Lays Out Bitcoin Investment Strategy For GenZ
Experienced trader Peter Brandt, outlines a Bitcoin (BTC) investing strategy that he believes is the best for demographic cohort known as Generation Z.
Brandt shared with his 627.1K followers on Twitter some advice for younger generations to begin investing in Bitcoin.
According to trader, population born between mid to late 1990s and early 2010s, should focus to get a degree in a field with plenty of job opportunities, avoid student loans as much as possible, land a good job and treat investing as a hobby, purchase a home, get married and live with small overhead, and then allocate some of their wealth to holding BTC and continuing to buy during price dips.
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
Brandt continues saying that a university degree “hugely overrated” and that young people should strive to learn actual skills to do something. He tweeted:
“Getting a university degree is hugely overrated. Entering a skilled trade is a very legitimate career path.”
Brandt then offered some thoughts on investment philosophy that he has learned during his 47 years in trading, and invited the younger generation to discuss and exchange opinions.
“A position is not an opinion. An opinion (even a strong one) does not need to manifest in a position. It is possible to hold a position opposite from one’s opinion. Interested what Millennials and Gen Zers think about this.”
Perspective from 47 years of trading -A position is not an opinion -An opinion (even a strong one) does not need to be manifest in a position -It is possible to hold a position opposite from one's opinion Interested what Millennials and Gen Zers think about this Let's discuss
Brandt, came into the radar of crypto community after correctly calling the Bitcoin crash of 2018. He recently noted that right now Bitcoin is forming an “intriguing” technical setup that could lead into a rally very soon, and advised against liquidating BTC to buy altcoins.
At the time of writing, Bitcoin is trading at $39,186, up 1.4% on the daily chart.
