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 expected.
Brandt, CEO of Factor LLC and a widely followed chart analyst, said on
“I’m thinking about selling some of my Bitcoin and going gold with the money. It seems to me that gold is going to gain substantially from Bitcoin,” Brandt told his followers on X.
Both BTC and gold have taken a beating recently, although Bitcoin has fared notably worse than the traditional safe haven metal. The leading cryptocurrency by market value fell 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 appears even starker so far this year, with BTC falling 28% in 2026 versus a 3.9% drop for gold.
Bucking the trend
Brandt’s view goes directly against the popular market narrative among cryptocurrency bulls that anticipates a massive rotation of money into BTC and digital assets.
