Peter Brandt Warns The BTC Community Over Coinbase Concerns

Peter Brandt warns the BTC community over Coinbase exchange concerns while he was known for calling the dramatic fall to the BTC bear market bottom a year ahead of its time so let’s read more in our latest Coinbase news today.

The iconic trader, Peter Brandt warns the Bitcoin community of an alleged collapse of the popular coinbase crypto exchange. His tweets implied that there are concerns related to the company which he explained was happening for a while now, and things that the exchange coin allegedly be hiding. When it comes to analysis, a few can argue that Brandt is among the best of the analysts out there. He has more than 50 years of trading and speculating in his career. Brandt was a public supporter of Bitcoin but also was labeled as a hater due to these “painful calls” that brought investors back to reality when they didn’t like something.

He was also labeled as a hater after calling a drop to under $4K which is a year before the cryptocurrency hit the bottom during the bear market. But is he right about Coinbase now? He posted on Twitter blasting the exchange and its CEO Brian Armstrong with a few unsubstantiated claims for the time being. Brandt warned that during this time on the markets, he’s seen three major brokerages go under and each one showed the same signs that Coinbase is now showing. After listing a few coins that spell trouble, Brandt tagged the FINRA and SEC asking for a deeper dive into the company.

Brandt’s lash-out was tempered but left tweets behind with a wait-and-see tone. He admitted that he has no insider knowledge of a situation existing but he has a strong opinion that he had in the past with other brokers as well. Coinbase has a clear track record so far and while it has been a subject to controversy around fees or unscheduled downtime, there has never been any evidence of any wrongdoing.

Speaking of Coinbase, we saw today that Brett Redfearn joins Coinbase as a new VP of product for capital markets, marking another strategic move as the exchange prepares to hit the public markets.