Over the weekend, NBA legend Scottie Pippen reignited discussions surrounding Bitcoin, prompting seasoned chart expert Peter Brandt to weigh in with a bold valuation. Reacting to Pippen’s comparison of market patterns between 2020 and 2026, Brandt forecasted that Bitcoin (BTC) could reach an astonishing $250,000 by 2029. He advised the basketball icon to “buy the banana,” referring to a specific price trend associated with Bitcoin.
The Meaning Behind Brandt’s “Banana” and His 2029 Price Forecast
For those unfamiliar, Brandt’s term “banana” describes Bitcoin’s distinctive curved growth channel observed over multiple years. Since 2012, BTC prices have fluctuated within this range—bounded below by a green line indicating significant cyclical pullbacks and capped above by a red line signaling speculative peaks.
At present, with Bitcoin trading around the high $60,000s after reaching nearly $92,000 in January 2026, its value remains comfortably centered within this historical band rather than near any extreme highs or lows.
Brandt’s outlook is grounded in observing three previous cycles—in 2013, 2017, and 2021—that followed similar trajectories. Extending through the upcoming halving event into late-decade territory, his projection of BTC hitting $250K is not meant as short-term speculation but as an informed estimate backed by over five decades of futures market expertise.
The rationale behind this figure is straightforward: if Bitcoin continues moving inside its logarithmic growth corridor while mirroring past cycle dynamics consistently seen before—its upper limit should approach mid-six-figure valuations well before the decade concludes.
While Peter Brandt acknowledges Scottie Pippen’s bullish stance on Bitcoin’s future potential wholeheartedly embraces it; he emphasizes that long-term geometric trends remain fundamental drivers shaping BTC’s price evolution.