Peter Brandt "Considering Selling Bitcoin (BTC) and Buying Gold"

▲ Gold, Bitcoin (BTC)

A veteran trader who has watched the market for over 50 years is considering selling some Bitcoin (Bitcoin, BTC). The shift towards gold is backed by technical changes observed in the XAU/BTC chart.

According to cryptocurrency media outlet BeInCrypto on July 6 (local time), veteran trader Peter Brandt, with over 50 years of experience, is considering selling some Bitcoin to invest in gold. Brandt stated, "I am considering selling some of my Bitcoin holdings and investing that money in gold. Gold appears to be getting significantly stronger than Bitcoin."

The indicator Brandt focused on is the XAU/BTC ratio, which shows the amount of Bitcoin that can be bought with one ounce of gold. On the monthly chart, this ratio has risen to approximately 0.067, bouncing back from a multi-year bottom. Brandt based his view on a break of the downtrend channel, lending weight to the possibility of gold showing a stronger trend than Bitcoin.

Bitcoin has dropped about 50% from its high of $126,000 recorded in October 2025, while gold has seen a 25% correction from its all-time high of over $5,600. Brandt has been cautious about Bitcoin throughout 2026. He previously suggested that after falling to $40,000-$60,000, it could eventually head towards $250,000 in the long term.

However, there are strong counterarguments. Michael Saylor analyzed Bitcoin's sluggishness not as a shift of funds to gold, but as a liquidity issue concentrated in AI infrastructure. Long-term holders additionally bought about 125,000 BTC during the downturn. Analyst Michaël van de Poppe pointed out, "The entire chart becomes meaningless the moment Bitcoin doubles."

Trader Pablo Heman predicted that if Bitcoin stays above $55,000, a significant rebound could occur in the coming months. Heman maintained an optimistic outlook for gold and silver for the next 5-10 years or more. BeInCrypto highlighted the sustained breakout of the XAU/BTC ratio as a key indicator to gauge the relative strength of gold and Bitcoin.

[Article Summary]

-Peter Brandt is considering selling some Bitcoin and investing in gold, citing the rebound in the XAU/BTC ratio.

-Long-term Bitcoin holders additionally bought about 125,000 BTC during the downturn, and counterarguments to Brandt's gold conversion theory have continued.

-The sustained breakout of the XAU/BTC ratio has emerged as a key indicator to gauge the relative strength of gold and Bitcoin.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*