Peter Brandt Considers Selling Bitcoin for Gold Amid Market Shift
Veteran trader Peter Brandt indicates he may sell some of his Bitcoin holdings to invest in gold, suggesting that gold is set to outperform Bitcoin based on market trends. This insight was shared in a post on X, as reported by CoinDesk.
Peter Brandt, a veteran trader and chart analyst, announced that he is considering selling portions of his Bitcoin (BTC) to invest in gold. He expressed this view on X, where he stated, "I am contemplating selling some of my Bitcoin and going to Gold with the money. Looks to me that Gold is going to gain substantially on Bitcoin."
Brandt's perspective comes as both gold and Bitcoin have seen declines, although Bitcoin has experienced a more significant downturn. In June, Bitcoin's value fell by 20%, dropping below $60,000, which marks its poorest monthly performance over the past four years. Comparatively, gold's value dipped by 11.7% to nearly $4,000 per ounce. Looking at their performance in 2026 so far, Bitcoin is down 28%, while gold has only decreased by 3.9%.
This shift in sentiment from Brandt contrasts with the prevailing narrative among crypto enthusiasts who expect a resurgence in Bitcoin's price due to its recent sell-off, which they perceive as an indicator of being oversold. Yet, Brandt's analysis suggests that gold’s outperformance may continue, driven by changes in market dynamics.
A closer examination of the XAU/BTC (gold priced in Bitcoin) chart reveals a significant trend. Historically, this ratio showcased Bitcoin's substantial dominance over gold. However, in recent years, specifically since around 2019-2020, the downward trend has slowed considerably, suggesting the reduction in gold's value relative to Bitcoin may be reversing. Brandt noted that the momentum has shifted, indicating a potential upward trend for gold.
"The rounding effect" in the XAU/BTC ratio could indicate that the ongoing decline in gold prices relative to Bitcoin is coming to an end, possibly marking a new macro cycle wherein gold begins to recover its standing. If Brandt's technical analysis proves correct, we may witness not a rebound in Bitcoin, but rather a strategic migration of investment back towards gold.
This speculation raises questions about how investors might adjust their portfolios in response to this potential trend shift. Observers in the market should watch for how both assets perform in the forthcoming months, particularly in light of increasing economic uncertainties that often drive investors toward safe-haven assets like gold.
Summary based on original reporting by Omkar Godbole at CoinDesk, originally published Jul 6, 2026. SolanaWire does not republish source content.
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