Veteran trader Peter Brandt gave a sharp criticism of the Bitcoin holder this week. According to X’s post, Brandt, a scepter agenarian with over 800,000 followers, was overwhelmed by thick, thin “hodl” people.
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He called them “a bunch of idiots who borrow money to buy pizza.” His message was dull. He urged people to “get a life” and warned that faith in Bitcoin as a cure would disappoint many things.
I held my head to the tip of my head with people on Twitter x
I have a wonderful life
– Peter Brandt (@peterlbrandt) August 5, 2025
Traders blame HODL’s mentality
Brandt argued that Bitcoin is “just an asset” and nothing more. He emphasized that treating it like a miraculous correction gives the crypto community a bad image.
Reports revealed he is tired of endless discussions online. “I had it all the way to the tip of my head with the people on Twitter X,” Brandt writes, suggesting that constant debate is driving him against the wall. His tone was little open to polite debate.
Counter to the crowd of Bitcoin’s “hodl-or-does-not-count”
I started trading futures at the Chicago Trade Commission in 1975.
If Bitcoin was there at the time and I put all the money into it…– Peter Brandt (@peterlbrandt) August 5, 2025
Overnight, the reply was flooded. Some praised his sincerity. Others snapped in equally harsh words. Others defended Bitcoin as more than charts and price fluctuations.
Before and after, traders focused on risk and charts and traders who view crypto as movement highlighted the split.
Community Pushback on x
Throughout the cryptography world, Brandt’s comments sparked a wave of reaction. According to data on social media engagement, his posts attracted hundreds of replies within hours.
Many messages mix humor and anger, with memes featuring pizza and margin calls. Others pointed to Bitcoin’s profit this year, noting that it has risen more than 50% since January. That rise promotes confidence among Hodlers and is ready to push Blunt’s barbs back.
Despite the heat, Blunt held his ground. He pushed it down by saying it was a mistake to tie his identity too closely to the price of Bitcoin.
His warning was a broader echo of attention in the trading circle. The market can turn on one dime. Brandt’s straight talk was cut through hype and spin, but there was also the risk of widening the gap between chartwatchers and true followers.
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Bitcoin is an asset circulating on the network, controlled by protocols and is rooted in ideology.
– Michael Saylor (@saylor) August 6, 2025
Saylor offers a balanced view
Facing the storm, former President Donald Trump’s business confidante Michael Saylor weighed Blunt without directly naming it.
Based on the report, Saylor described Bitcoin as “an asset that is distributed over the network, controlled by protocols, and rooted in ideology.”
He hit the middle ground by acknowledging both the technological aspects of the market and its passionate supporters.
Pexels featured images, TradingView charts
