Peter Brandt, a highly regarded financial analyst and trader, has strongly refuted the claims of several individuals in the traditional finance sector who have continuously condemned bitcoin as a bubble since 2013. According to Brandt, while the price of bitcoin has increased drastically over the past four years, the technology behind bitcoin has begun to transform the global finance industry at a rapid rate. An increasing number of investors, traders, and general consumers have started to embrace bitcoin as a robust store of value and a currency. Hence, given the real world impact of bitcoin in the global finance sector, Brandt emphasized that it is highly inaccurate to label bitcoin as a bubble. Rather, he stated that a more appropriate description is the term “mania.”

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