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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. Related 
Reading: Slow And Steady: Bitcoin’s Current Rise Feels Different—Study 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 &#8220;Hodl-or-does-not-count&#8221; 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. Related 
Reading: Bitcoin Finds Support At $114K, But Rally May Stall Without New 
Drivers 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

Bitcoin Insult Alert: Pro Trader Dubs HODLers ‘Idiots,’ Saylor Fires Back

Ethereum is once again outperforming Bitcoin, largely due to institutional 
interest.

Ethereum outperforms Bitcoin amid wave of institutional investment

Bitcoin benefits from a weaker dollar, but credit market signals warn of 
possible investor caution that could prevent the bulls from making a run at 
$120,000.

Dollar weakness boosts Bitcoin hopes, but macro risks could delay $120K

Japan’s SBI Holdings said it plans to launch a bitcoin/ XRP exchange-traded 
fund (ETF) on the Tokyo Stock Exchange, but the launch is contingent on the 
Financial Services Agency approving cryptocurrency-linked investment trusts 
and ETFs. FSA’s Regulatory Review The Japanese financial services group, SBI 
Holdings, recently revealed its plan to launch a bitcoin/ XRP exchange-traded 
[…]

SBI Holdings Proposes Bitcoin/XRP ETF for Tokyo Stock Exchange

The iShares Bitcoin Trust stock pulled back to a crucial support level as 
Bitcoin price lost momentum. The IBIT ETF retreated to a low of $63.80 this 
week, down 8.40% from its highest point this year. It remains about 51%…