On Apr 22, in a post with a chart on X showing ETH/BTC’s long-term decline, Brandt called the so-called “permabulls” of Ethereum “interesting (and clueless).”
“For many years I have written that I considered ETH a junk coin compared to Bitcoin,” Brandt said. “Yet here we are still, even today, the mindless crowd wants to claim me wrong.”
The tweet ruffled the feathers of Ethereum supporters who many responded harshly against Brandt’s blunt jibe. Nevertheless, the amount of decline reflected in the chart he presented shows the weakening performance of Ethereum over Bitcoin—a ratio encompassed by many analysts to gauge Ethereum’s strength compared to Bitcoin over time.
Brandt takes another swing at Ethereum calling it an “invalid cousin” to Solana ($SOL), which he now calls the clear choice. Brandt shared a new tweet on April 22 showcasing a chart with what he characterized as a bullish “Cup & Handle” pattern appearing on the SOL/ETH chart.
“This C&H is still playing out, by the way. SOL has lots of room to gain on its invalid cousin, $ETH,” he wrote.
Brandt has held onto the idea of Bitcoin maximalism and has accepted its potential, as a store of value. He has previously made calls for a Bitcoin price of $200,000 by September 2025, upgrading his earlier prediction of $120,000, as per reports.
He has also indicated the most recent price action of Bitcoin was “boring and repetitive, like little boxes on the hillside,” resting within a period of consolidation. Despite concerns over the short-term picture, Brandt argues Bitcoin will be “the ultimate store of value” over the next 10 to 20 years.
At press time Ethereum is trading at $1,697.77, up by over 7% over the last day, as per Kraken.