Bitcoin to $600K by 2029: The Man Who Called the Last Top Just Flipped Bullish
Peter Brandt, one of the most respected chart readers in crypto, has gone full bull, projecting Bitcoin could reach $600,000 by 2029, and the market hasn't fully priced in what that means yet.
Brandt isn't a permabull. He's the guy who called the 2021 top and sat on his hands while retail got wrecked. When he flips, traders pay attention. His latest read on Bitcoin's macro structure suggests this cycle still has an extraordinary amount of runway, with $600K as a realistic upper target, not a hopium figure.
If he's right, anyone treating $100K as a finish line is leaving generational wealth on the table.
The SEC Shadow That Won't Leave Crypto Alone
While Bitcoin bulls were celebrating Brandt's call, a quieter storm was brewing in Washington.
Former SEC Chair Jay Clayton, the man who spent years making crypto founders' lives miserable, has just been appointed Trump's AI Czar. That's not a typo. The same regulator who greenlit the lawsuit against Ripple and kept Bitcoin ETF applications buried for years is now being handed influence over one of the most consequential tech policy areas of the decade.
The XRP army is not happy, and honestly, neither is Roman Storm, the Tornado Cash developer who watched the SEC operate in bad faith up close. Their anger isn't just tribal. It's a legitimate signal that the crypto community doesn't trust Clayton's presence anywhere near emerging technology policy, regardless of whether his new role directly touches digital assets.
The concern is structural. If Clayton brings his old-school enforcement mentality into AI policy, the overlap with blockchain, decentralized AI, and tokenized compute markets could create regulatory headaches nobody is modeling for yet.
What Traders Should Actually Be Watching
These two stories are more connected than they look.
Brandt's $600K target only holds if macro conditions and regulatory clarity both cooperate. A Clayton-influenced policy environment that bleeds into crypto, even indirectly through AI and fintech crossovers, is a tail risk worth monitoring.
Short term, Bitcoin's trajectory looks strong. The chart is telling a bullish story, institutional positioning is building, and a credible veteran just staked his reputation on a six-figure multiple from here.
But keep one eye on Washington. Clayton didn't stop being Clayton just because his title changed.
Watch: Bitcoin's weekly close structure for confirmation of Brandt's thesis. Watch: Any Clayton statements touching decentralized technology, tokenization, or AI-adjacent financial products. The next regulatory curveball could come from a direction most traders aren't looking.