This weekend, NBA Hall of Famer Scottie Pippen kindled a new Bitcoin conflagration, but veteran chart analyst Peter Brandt, ever the alchemist of numbers, appended a price tag to the fray. In response to Pippen’s whimsical comparison of the market’s structure in 2020 and 2026, Brandt prophesied a BTC price of $250,000 by 2029 and implored the basketball legend to “buy the banana” of Bitcoin-a cryptic symbol, no doubt, for the serpent’s tail in the garden of digital Eden.
“Banana” logic behind Brandt’s 2029 price geometry
For the perplexed, the “banana” is Brandt’s sly euphemism for Bitcoin’s serpentine path of logarithmic ascent. Since 2012, the price has pirouetted between a lower green boundary, a graveyard for deep cyclical retracements, and an upper red band, a cathedral for speculative excess.
Currently, with the price of Bitcoin trading in the high-$60,000 range after peaking near $92,000 in January 2026, the asset lounges in the middle of this range, far from the historic extremes-though not far enough to escape the gaze of those who believe in the divine arithmetic of chaos.
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Brandt’s projection assumes the continuation of a pattern that investors have already witnessed three times: in 2013, 2017, and 2021. Since the timeline stretches across the next halving cycle and into 2029, the “$250,000 BTC” figure is not a prediction for the next quarter, and the trader’s credibility matters here with more than 50 years of experience in the futures market-a résumé as polished as a diamond in a coal mine.
The logic behind $250,000 is as mechanical as pure math: if BTC remains within its logarithmic growth corridor and repeats prior cycle behavior, the upper boundary will migrate back to the mid-six-figure range before the end of the decade-a feat as inevitable as the sunrise, if one believes in the celestial mechanics of greed.
Peter Brandt does not deny Pippen’s optimism for Bitcoin but insists that long-term geometry still governs the price of it-a truth as immutable as the laws of thermodynamics, though far less likely to be understood by the masses.
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2026-02-22 13:21