U.Today - Peter Brandt, a veteran trader known for his keen market insights, has recently put forth a compelling argument for Bitcoin, underscoring the potential for the eventual decline of fiat currencies. Brandt's analysis draws on historical parallels and technical patterns to highlight Bitcoin's growing significance in the global financial landscape.
According to Brandt, the argument for Bitcoin relates to the eventual destruction of fiat currency units. To illustrate his point, Brandt shared a chart comparing Bitcoin (BTC) against the total U.S. money stock (M1), a ratio that he says remains below the December 2017 high.
source https://www.investing.com/news/cryptocurrency-news/veteran-trader-peter-brandt-makes-sensational-bitcoin-fiat-argument-3466828