Peter Brandt's Twitter History Is Questioned After CNBC Twitter Fight

  • CNBC Fast Money recently got into a little Twitter argument with @PeterBrandt
  • Peter apologized but worrying inconsistencies were found with Peter's Twitter history

Comment of the Day @NeerajKA

CNBC's Fast Money Twitter account is dubious at the best of times and probably its best example of incompetence was pumping BCash just before taking Roger for a live interview and posting a chart of BCH trading on Coinbase at $8,500 saying its 'Bitcoin Jesus'. 

Im sure you remember what happened to BCH after this tweet. If you can't remember, trading was halted on Coinbase and the price has now plummeted to $1,500. Coinbase, CNBC and Roger Ver were all accused of market manipulation and insider trading. It later emerged that a BCash marketer was married to the social media account manager for CNBC Fast Money and had gained access to their Twitter which he was using to pump BCash. Thanks @whalepanda for that revelation! Oh, and one more point about CNBC's Fast Money: they gave a tutorial on how to buy Ripple which suffered a 70% loss in value from that golden tweet...

In CNBCs defense, the more recent Twitter storm was actually started by Peter Brandt and 'old school' technical analyst who started covering the crypto space in 2016 on Twitter. His charting is popular and he now has over 160k followers. He accused CNBC's Fast Money of cancelling an interview with him last minute because he was bearish on the bitcoin price in mid December.

This debacle was pretty quickly cleared up with an apology from Peter and the accompanying explanation that it was in fact @SquawkStreet that cancelled on him last minute. 

@TuurDemeester quickly jumped to Peters defense:

It seemed as though this was all going to blow over, but a stranger story has emerged after Peter's Twitter account was put under greater scrutiny from the episode. @Fullbeerbottle found that Peter constantly recycled tweets. There is nothing inherently wrong with this, but it is strange...

More concerning, but sadly not very surprising, a crypto Twitter trader lies about his positions. @Guruleaks1 has a tweet feed from Peter's account that show a long history of contradictory tweets where he changes his opinion and lies about his past exposure to crypto.

He is either deceiving followers to affect the market or is changing his story to make his trading decisions appear smarter. There must be a substantial pressure on Peter to consistently predict accurate market movements, considering his entire following depends on this. 

But why would Peter lie? The fact that his pinned tweet is a link to his paid trading group explains this... more followers = more money. Again, there is nothing inherently wrong with Peter selling trading advice, but you should consider it before taking his tweets as gospel.

Peter Brandt Crypto trading group