I am contemplating selling some of my bitcoin for gold, veteran trader Peter Brandt says
Veteran trader Peter Brandt has announced he is considering liquidating a portion of his Bitcoin holdings to invest in gold, citing technical analysis that suggests gold may outperform the cryptocurrency. Brandt points to a shift in the XAU/BTC ratio, indicating that Bitcoin's long-term dominance over the precious metal may be losing momentum.
Why it matters
This shift in sentiment from a prominent market analyst challenges the prevailing 'crypto bull' narrative and highlights a potential macro-trend where investors rotate capital from digital assets back into traditional safe-haven commodities.
Brandt, CEO of Factor LLC and widely followed chart analyst, said on X that he is mulling liquidating some of his BTC and using the proceeds to buy gold, as he sees the yellow metal outperforming BTC.
The article reports on a specific trader's market perspective and technical analysis without endorsing the view, providing context on both Bitcoin's recent performance and the historical XAU/BTC ratio.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in