In the never-ending battle between bitcoin digital gold and the traditional yellow metal, veteran trader Peter Brandt has picked a side, and it’s not the one bitcoin bulls would have hoped for.
Brandt, CEO of Factor LLC and widely followed chart analyst, said on X that he is considering liquidating some of his BTC and using the proceeds to buy gold as he sees the yellow metal outperforming BTC.
“I’m considering selling some of my Bitcoin and going into Gold with the money. Looks like Gold will gain significantly on Bitcoin,” Brandt told his followers on X.
Both BTC and gold have taken a beating recently, although bitcoin has fared noticeably worse than the traditional safe haven metal. The leading cryptocurrency by market capitalization fell 20% in June to below $60,000, marking its worst monthly performance in four years. By comparison, gold fell 11.7% to nearly $4,000 per ounce. ounces.
The divergence looks even bigger on a year-over-year basis, with BTC down 28% in 2026 versus a 3.9% drop for gold.
Bucks the trend
Brandt’s view flies in the face of the popular market narrative among crypto bulls predicting a massive rotation of money back into BTC and digital assets.
