Trader Peter Brandt predicts Bitcoin could hit $300K-$500K by 2029, but warns of risks with leveraged ETFs.

Peter Brandt forecasts Bitcoin reaching $300,000 to $500,000 by late 2029, linked to increased bank liquidity into hard assets. The T-Rex 2X Long MSTR Daily Target ETF (MSTU) offers a highly leveraged way to gain exposure to Bitcoin via MicroStrategy shares, but its daily reset mechanism causes significant volatility decay, making it unsuitable for long-term holding. While MSTU can double gains during strong trends, it has lost 91% over the past year due to sideways market swings. Investors should use MSTU only for short-term, tactical trades and consider simpler alternatives for long-term Bitcoin exposure.