Peter Brandt Says He’s Considering Selling Bitcoin to Buy Gold
Uk Jin
Summary
- Peter Brandt said he is considering selling Bitcoin to buy gold.
- Brandt said gold prices relative to Bitcoin could rise significantly.
- Gold and Bitcoin were among the weakest-performing asset classes in the first half of this year.
Forecast Trend Report by Period
Veteran trader Peter Brandt said gold could outperform Bitcoin.
In a post on X on July 5, Brandt wrote that he is considering selling Bitcoin to buy gold. He said gold could rise significantly relative to Bitcoin.
Gold and Bitcoin have been among the weakest-performing asset classes in the first half of this year.
According to TradingView, gold was trading at $4,175.70 an ounce as of 1:10 p.m., up 1.26% from a day earlier. That was about 23% below the record high reached in January.
At the same time, Bitcoin was trading at $62,791, up 0.40% from a day earlier, according to CoinMarketCap. That was about 51% below the all-time high reached in October.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.