Peter Brandt raised his Bitcoin cycle-top forecast to $300,000-$600,000 by late 2029, up from his previous $250,000-$300,000 range, and said the bull market has a good chance of reaching $500,000. He believes Bitcoin may have already bottomed near $58,500 in late June and entered a new bull-market cycle, although he still expects a possible retreat to $65,000-$66,000 in early October. Bitcoin was trading at $83,219 when the article was published. Brandt said a move above $1 million by 2030 was not impossible, but he was not relying on that outcome and had not invested all the funds reserved for Bitcoin. He also cautioned against using catalysts such as the CLARITY Act to explain price moves, arguing that market price should take precedence over narratives. Brandt previously predicted Bitcoin's 2018 crash and compared his current outlook with his call on gold's 1980 peak. He remained selective on altcoins, viewing Ethereum and Solana as potential holdings while dismissing XRP's investment appeal despite its payment use case and Ripple's banking partnerships.