Veteran trader Peter Brandt delivered a sharp critique of Bitcoin holders this week. According to posts on X, Brandt, a septuagenarian with more than 800,000 followers, lashed out at those who “hodl” through thick and thin.
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He called them “a bunch of idiots who borrow money to buy pizza.” His message was blunt. He urged people to “get a life,” warning that faith in Bitcoin as a cure-all will leave many disappointed.
I have had it up to the tip of my head with people on Twitter X
Have a nice life
— Peter Brandt (@PeterLBrandt) August 5, 2025
Trader Slams Hodl Mentality
Brandt argued that Bitcoin is “just an asset” and nothing more. He stressed that treating it like a miracle fix gives the crypto community a bad image.
Reports have disclosed that he’s grown tired of endless debates online. “I have had it up to the tip of my head with people on Twitter X,” Brandt wrote, suggesting that constant arguing was driving him up the wall. His tone left little room for polite debate.
A counter to the Bitcoin “Hodl-or-does-not-count” crowd
I began futures trading in 1975 at the Chicago Board of Trade with maybe a thousand dollars in my checking account and little to no savings
If Bitcoin has been around at the time and I would have put all my money into it I…— Peter Brandt (@PeterLBrandt) August 5, 2025
Overnight, replies flooded in. Some praised his honesty. Others snapped back with equally harsh words. Others defended Bitcoin as more than charts and price swings.
The back-and-forth underscored a split: traders who focus on risk and charts versus holders who see crypto as a movement.
Community Pushback On X
Across the crypto world, Brandt’s comments stirred a wave of reactions. According to data on social media engagement, his post attracted hundreds of replies within hours.
Many messages mixed humor and anger, with memes featuring pizza and margin calls. Others pointed to Bitcoin’s gains this year, noting it has climbed more than 50% since January. That rise fueled confidence among hodlers—and a readiness to push back against Brandt’s barbs.
Despite the heat, Brandt held his ground. He pressed on, saying that tying one’s identity too closely to Bitcoin’s price is a mistake.
His warning was an echo of a broader caution in trading circles: markets can turn on a dime. Brandt’s straight talk cut through hype and spin, but it also risked widening the gap between chart watchers and true believers.
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Bitcoin is an asset, circulating on a network, governed by a protocol, and rooted in ideology.
— Michael Saylor (@saylor) August 6, 2025
Saylor Offers A Balanced View
In the face of the storm, US President Donald Trump’s former business confidante Michael Saylor weighed in—though without naming Brandt directly.
Based on reports, Saylor described Bitcoin as “an asset, circulating on a network, governed by a protocol, and rooted in ideology.”
He struck a middle ground by acknowledging both the market’s technical side and its passionate supporters.
Featured image from Pexels, chart from TradingView
Hayes predicts that Yellen’s actions, in collaboration with the US Federal Reserve, will result in a net liquidity injection of $1 trillion into global financial markets.
In a recent essay titled ‘Bad Gurl,’ Arthur Hayes, a renowned crypto expert and former CEO of BitMEX delves into the intricate world of finance, spotlighting the influential figure of US Treasury Secretary Janet Yellen. Hayes characterizes Yellen as the orchestrator of financial maneuvers capable of shaping the global economic landscape.
The Power and Influence of ‘Bad Gurl’ Yellen
Janet Yellen, according to Hayes, holds significant sway over the global financial system, capable of wielding sanctions that can exile individuals, companies, or entire nations from Pax Americana’s financial network. As the overseer of rules and regulations governing the fiat financial system, Yellen’s decisions resonate globally, shaping the world of credit and, consequently, the structure of the global economy.
Yellen’s role extends beyond mere policymaking; she wields the authority to impose sanctions, which some view as a financial death sentence. This power is rooted in her responsibility to regulate the fiat financial system’s rules, which, in turn, influences the structure of the global economy.
One of Yellen’s most critical tasks is managing the funding of the US government, especially given the recent surge in deficits. However, as Hayes noted, the market seems skeptical of Yellen’s strategy, evident in the bear steepening of the yield curve. This financial phenomenon poses a significant threat to the banking system, a concern explored in Hayes’ previous essay “The Periphery.”
To address these challenges, Yellen faces a daunting task list, as outlined by Hayes in his essay, which includes injecting liquidity into the system, stimulating demand for long-term debt, balancing liquidity injection to avoid oil price spikes, and deceiving the market into expecting rate cuts. By creating the illusion of impending rate cuts, Yellen seeks to alleviate selling pressure on “not-Too Big To Fail” (TBTF) banks.
Implications for the Global Financial Markets
Hayes predicts that Yellen’s actions, in collaboration with the US Federal Reserve, will result in a net liquidity injection of $1 trillion into global financial markets. This injection is expected to drive growth in the US stock market, cryptocurrencies, gold, and other fixed-supply financial assets.
Furthermore, the essay anticipates a bull steepening of the US Treasury yield curve, preventing a market fire sale of non-TBTF bank stocks. However, Hayes warns that Yellen’s influence has limits, and the potential market upheaval could return by the end of 2024.
Arthur Hayes concludes by asserting the importance of monitoring the net liquidity in the markets and staying flexible in response to potential changes. Despite the initial impact of Yellen’s strategies, the essay suggests that Bitcoin (BTC) with its notably thriving ecosystem will reassert itself as a real-time indicator of the fiat financial system’s health, underlining the dynamic nature of global finance and the intricate dance orchestrated by ‘Bad Gurl’ Yellen.
Billy Markus, the co-founder of Dogecoin DOGE/USD, has called the Kabosu Inu KABOSU/USD meme project “scum.”
What Happened: Markus, who is known as Shibetoshi Nakamoto on Twitter, responded to a tweet from a user who criticized the project for exploiting a dog who is severely ill.
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The tweet from the user read, “here we go again.” This was followed by the post from the project on Reddit that declared, “The Kabosu Inu plans to make sure that the legend of Kabosu will never be forgotten. That her existence, and impact she has had on not only cryptocurrency but the world will forever remain in our hearts.”
The project claims to have recently been in contact with Mama Kabosu.
Markus, responding to the user, said the project was “actual scum.”
Kabosu Inu token was launched on Jan. 2. At the time of writing, the token was trading at $0.000001023, down 30% in the last 24 hours, as per CoinMarketCap.
Kabosu has achieved a “phenomenal” comeback after presenting an alarming state on Christmas Eve. Atsuko Satō, who is the canine’s guardian, disclosed the Shiba Inu lying-afflicted by chronic lymphoma leukemia (cancer) and acute cholangiohepatitis which is an inflammation that hits the liver and biliary tracts.
As per the Instagram post of Satō on Friday, Kabosu has entirely recovered from her medical condition and is relishing poultry tenders as well as guzzling plenty of water.
Price Action: DOGE was trading at $0.07, up 0.01% in the past 24 hours, according to Benzinga Pro data.
Read Next: Bitcoin, Ethereum, Dogecoin Trade Higher — Why This Analyst Is Calling A Bull Market As 2023 Unfolds
Jim Cramer lambasted the cryptocurrency market, during his Thursday appearance on “Squawk Box,” referring to it as a “ain’t con.”
“The whole thing seems so bottomless that I don’t know how to fathom it,” he said.
What Happened: Cramer characterized Ripple XRP/USD, Dogecoin DOGE/USD and Solana SOL/USD as “cons”.
The host of CNBC’s Mad Money is of the opinion that CNBC should not observe the fluctuations in cryptocurrency prices, asking why penny stocks do not receive the same consideration as virtual assets. “If we think XRP is something we should be tracking…Well…we should also list Rent the Runway (RENT) and Stitch Fix (SFIX) there too.”
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Earlier this week, Cramer predicted that certain well-known cryptocurrencies, such as XRP and Cardano ADA/USD might crash to zero.
Cramer has expressed a popular belief about cryptocurrencies that only the underlying blockchain technology is valuable, not the digital coins themselves. He said, “No one thinks blockchain’s bad.”
In 2022, the cryptocurrency markets were still far from reaching their full potential, following the TerraUST UST/USD and Luna crashes. The bear markets proved to be severe and unforgiving, leaving leading cryptocurrencies in a precarious state. Compounded by the FTX drama, the markets were left reeling.
Dogecoin (CRYPTO: DOGE) co-creator Billy Markus called Senator Elizabeth Warren (D-MA) “Satan” after a report said she was drafting a bill to track transactions to private cryptocurrency wallets.
What Happened: Markus took a swing at Warren on Twitter after noticing a report about Warren and three other Democratic senators drafting the bill, which she hopes will make it harder to use cryptocurrency to evade sanctions amid the Russia-Ukraine crisis.
Elizabeth Warren is Satan
— Shibetoshi Nakamoto (@BillyM2k) March 9, 2022
The Dogecoin co-creator urged Bitcoin (CRYPTO: BTC) fans to join him and his community to stop people like Warren from using war to “ruin innovation and destroy privacy.”
He also asked people in Massachusetts to stop voting for Warren, saying it made the whole state look “just as incompetent as her.”
and Massachusetts can you stop voting for this incredibly stupid person please it makes your whole state look just as incompetent as her thanks
— Shibetoshi Nakamoto (@BillyM2k) March 9, 2022
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Why It Matters: Warren has previously spoken out against the threats posed by cryptocurrencies to the U.S. economy and the adverse impact of mining them.
Another forthcoming bill co-sponsored by Warren and Sen. Steve Daines (R-MT) that seeks to bar members of Congress from trading stocks could also cover cryptocurrencies, the New York Post had reported in February.
In December, Warren engaged in a Twitter spat with Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk – a big Dogecoin proponent – after she accused the billionaire of “freeloading” and not paying full taxes. The billionaire entrepreneur dubbed the senator a “Karen,” saying she reminds him of his childhood friend’s “angry mom.”
Price Action: Dogecoin is up 1.9% during the past 24 hours, trading at $0.1217 at press time.
Read Next: Bye-Bye Bitcoin? ‘Rich Dad Poor Dad’ Author Sees US Seizing All Crypto After Biden’s Executive Order
Ask the Doctor, a strong supporter of the Shiba meme, acquired 31 billion SHIB tokens in late November. However, they have now publicly denounced the token’s developers as fraudsters. The healthcare platform believes that the token is a scam because the SHIB’s founders withheld their real identities.
The Economy Feud
Canadian online healthcare firm AskTheDoctor had emerged as a top Shiba Inu influencer. However, in recent times, the meme coin has fallen out with the medical community, claiming that the memecoin is nothing but a scam. They say that the meme coin is “the biggest scam in crypto.” while also threatening to sue developer Shytoshi Kusama.
In addition, it is preparing to reveal the pseudonymous developer in a series of tweets. Shytoshi, on the other hand, said today that AskTheDoctor was operating a fraudulently acquired account on Twitter. He warned that the company was plotting to acquire money illegally.
The firm, later on, claimed to have gotten rid of SHIB from its books, and all merchandise has been refunded. Additionally, AskTheDoctor accused Shytoshi of creating the Squid Game token, the most infamous crypto scam of 2021.According to finbold, the developers of $SQUID are now $SHIB whales. After the downfall of $SQUID, a $125M purchase of $SHIB was made by a Squid Game wallet. Such reasons have given AskTheDoctor a motion to sue the memecoin’s developers.
The Shiba Inu team provided many ultra-bullish predictions, including that Shiba Inu would surpass the Bitcoin market cap in now-deleted tweets. The official Twitter account is now promoting Floki Inu’s and boxer Tyson Fury’s “cool mental health” project with no further information given.
Shytoshi claims that he could sue AskTheDoctor for libel but doesn’t want to pursue the matter. Also, Dogecoin’s co-founder Billy Markus characterized AskTheDoctror’s Twitter feed as a “sitcom” in a series of tweets. He added that it was exciting to witness SHIB members go after the company that had assaulted their community leader.
Earlier Collaborations
On December 1, two of the epidemic’s most significant developments, telemedicine, and cryptocurrency, again came into a collaboration. The move happened when Canada’s online medical service provider added $1.5 million in Shiba Inu to their balance sheet.
They are now ready to take the currency as payment for services rendered.
The company asked 27,000 people on Twitter what they would like it to add to its balance sheet. The majority of people voted for the option “SHIB-USD.” After being inspired by Shiba Inu’s strong community, the medical entity updated its profile picture to the Shiba Inu logo.
Additionally, it challenged its followers to change their profile pictures to SHIB. They were to do that until SHIB hits 0.0001. However, the health services firm now threatens to sue SHIB developers in a surprising turn of events. The medical company threatened to bring him into court in a further attempt to force the Shiba Inu founder’s identity.
This article was originally posted on FX Empire
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In a gesture of mainstream acknowledgment, MSN Money posted an article on Cardano today, saying investors should hold ADA. This statement was based on Cardano’s YTD performance and its price resilience during the recent downturn.
With developments moving quickly, including the latest Catalyst Fund5 vote currently open, it won’t be long before a fully-fledged Cardano-based ecosystem is in full swing.
Project Catalyst refers to the in-house mechanism that turns ideas into real-world projects by supporting development, including funding. Ideas are pitched for the community to vote on. The current fifth funding round has hundreds of proposals vying for a share of the $2.1 million pool.
Cardano Out Guns Bitcoin and Ethereum YTD
MSN Money pointed out that long-term Cardano holders have had “great returns” so far this year. That’s even despite the setback of recent months, which saw the total crypto market cap halve from its May peak. Taking this into account, ADA is still up over 600% versus its price at the start of the year.
“Long-term holders of Cardano (CCC:ADA-USD) have seen great returns in the first half of 2021. Despite the rapid-sell off in most digital assets in the past few weeks, year-to-date, ADA-USD is up over 610%. Put another way, the proverbial $1,000 invested in the crypto would now be worth around $7,100.”
For comparison, MSN Money points out that Bitcoin and Ethereum are up 12% and 168%, respectively. And for a more comprehensive picture, Apple and Paypal are up 11% and 31%, respectively.
Trader, Tezcan Gecgil, who authored the piece, said “alternative investments” such as ADA can form part of a balanced portfolio.
“To be sure, 2021 has shown that alternative investments such as cryptos can enhance returns of traditional stock portfolios. As digital currencies and especially the blockchain technology become more utilized, I expect the growth tokens like ADA to continue.”
ADA closed on Tuesday at $1.04, a close not seen since mid-March. Nonetheless, bulls turned up yesterday, leading to an 18% swing in price before giving up some of those gains to close at $1.17.
Today doesn’t see the same level of volatility, but ADA is up about 0.8% at the time of writing, to just under $1.18.
Hoskinson Gives Alonzo Update
The biggest question on every Cardano investor’s mind is, when will the Alonzo smart contract protocol ship?
Developers Input Output Global (IOG) gave an update on Tuesday, saying the “White” phase was successfully hard forked. IOG has categorized the different phases according to a color scheme. With “White” done, the “Purple” phase remains.
IOG CEO Charles Hoskinson also took to YouTube and Periscope to reassure the Cardano community that everything is on track.
“Everything is looking pretty good, looking like it’s on schedule. The application back-end is on schedule, the wallet back-end is on schedule. We have a working Alonzo node as many of you know, survived the Blue era. That was fun.”
With everything seemingly in hand, thoughts turn to price predictions following Alonzo’s rollout.