Peter Brandt Considers Dumping Bitcoin for Gold Amid Incoming Breakout Prediction

Veteran investor Peter Brant is mulling the sale of a portion of Bitcoin on his balance sheet, while angling to increase the size of his gold holdings. Brandt is betting that gold will outperform BTC in the short term despite the largest cryptocurrency flashing signs of brilliance after a torrid patch.

Peter Brandt to ditch BTC for gold?

Brandt disclosed in an X post that he is considering reducing the size of BTC in his portfolio, citing an underwhelming future price performance. According to the veteran trader, proceeds from the sale of BTC will fund gold purchases, with Brandt tipping the yellow metal to outperform BTC.

“I am contemplating selling some of my Bitcoin and going to Gold with the money,” wrote Brandt. “Looks to me that Gold is going to gain substantially on Bitcoin.”

Brandt hinged his prediction on a long-term logarithmic chart of the gold-to-Bitcoin ratio (XAU/BTC). The chart measures how many BTC one ounce of gold is worth relative to Bitcoin’s price.

Source: Peter Brandt via X

The chart indicates a massive downtrend since Bitcoin’s early years, with the curved trendlines suggesting the ratio may be trying to reverse upward after years of Bitcoin dominance. Historically, Bitcoin has always outperformed gold, marked by its meteoric rallies in its four-year run, with the trend screeching to a halt in 2026. 

Brandt argued that Bitcoin’s era of massively outperforming gold may be slowing, citing an XAUBTC structural breakout. Previously, Brandt revealed that BTC makes up 5% of his portfolio, but his exact gold holdings are unknown. However, gold and silver are permanent fixtures alongside quality dividend stocks.

Early in the year, Brandt adopted a contrarian stance, predicting that the next Bitcoin bull market would take place in the third quarter of 2029 with prices hovering around $200,000. Despite claiming to be a bitcoin bull, his prediction pales in comparison to forecasts by other analysts.

Both gold and BTC endure a torrid patch

Peter Brandt’s latest comments come after a rough period for gold and Bitcoin. The leading cryptocurrency slumped below $60,000 after netting its worst monthly performance in four years.

Meanwhile, gold slumped by over 12% to slip below $4,000 for the first time since 2025. However, the year-to-date ratio is worse for BTC with the cryptocurrency down by over 26% since the start of the year, compared to gold’s 3.9% decline.

However, Bitcoin has staged a recovery to trade at $62,000 at press time. Bitcoin spot ETFs have ended a ten-day outflow streak that saw June become the worst month on record for ETFS since their launch. On the other hand, the gold price has surged to $4,200, putting it on course to reach Goldman Sachs' target of $4,900 by the end of the year.