Veteran trader Peter Brandt has projected a Bitcoin price target of $300,000 to $500,000 by late 2029, a forecast he ties to the potential impact of Donald Trump’s “Project Freedom” policy. The core of the thesis is that the policy would unlock bank liquidity, driving significant capital flows into hard assets, with Bitcoin being a primary beneficiary.
"A $500K print would require a policy shock, sovereign accumulation cycle, and retail mania running together," one analyst noted, emphasizing that while possible, this is not a baseline scenario. Polymarket traders, who have real money on the line, assign only a 3% probability to Bitcoin reaching $250,000 by the end of 2026.
For traders looking to act on Brandt’s aggressive forecast, the T-Rex 2X Long MSTR Daily Target ETF (MSTU) has emerged as a high-risk, high-reward tool. The ETF aims to deliver twice the daily return of MicroStrategy (MSTR), a company that itself is a leveraged bet on Bitcoin. While MSTR stock climbed 46% over the past month, MSTU delivered a 101% gain. However, the fund is down 91% over the last year due to volatility decay, a mathematical erosion that punishes holders of daily-reset leveraged products during choppy market conditions.
The forecast comes as the crypto market continues to grapple with the implications of the 4-year halving cycle. The most recent halving occurred on April 20, 2024, and historical patterns suggest a price peak between 12 and 18 months later. Bitcoin reached an all-time high of $126,000 in October 2025, fitting neatly within this window. However, the introduction of spot Bitcoin ETFs has introduced a new variable. In April 2026 alone, U.S. spot Bitcoin ETFs absorbed roughly 19,000 BTC, nine times the amount of new Bitcoin produced by miners in the same period. BlackRock’s IBIT now holds over $66.9 billion in assets, accounting for 66% of the total U.S. spot Bitcoin ETF market.
This article is for informational purposes only and does not constitute investment advice.
