In the endless battle between Bitcoin digital gold and the traditional yellow metal, veteran trader Peter Brandt has chosen a side, and it’s not the one bitcoin bulls would have hoped for.
Brandt, CEO of Factor LLC and a widely followed chart analyst, said on
“I’m considering selling some of my Bitcoins and going into gold with that money. It looks to me like gold is going to gain significantly over Bitcoin,” Brandt told his X followers.
BTC and gold have taken a beating recently, although Bitcoin has performed significantly worse than the traditional safe-haven metal. The leading cryptocurrency by market value slipped 20% in June to below $60,000, marking its worst monthly performance in four years. Gold, by comparison, fell 11.7% to nearly $4,000 an ounce.
The divergence seems even more pronounced since the start of the year, with BTC falling by 28% in 2026, compared to a fall of 3.9% for gold.
Bucking the trend
Brandt’s view goes directly against the popular market narrative among crypto bulls that anticipates a massive rotation of money into BTC and digital assets.
