Peter Brandt: Bitcoin (BTC) Will Massively Outperform Gold (GLD), Chart Shows

In a recent post on the X social media, prominent trader Peter Brandt predicted that Bitcoin, the leading cryptocurrency, would massively outperform gold.

Bitcoin price might massively outpace gold price in the upcoming months, according to a recent analysis by prominent commodity trader Peter Brandt.

In a recent post on the X social media, Brandt shared a chart that depicts the BTC/GLD ratio. The chart showcases a channel that might be forming the right shoulder of an inverted head and shoulder pattern.

According to Brandt, this pattern projects a ratio of 150 to 1, which signifies that Bitcoin will outpace gold by 5X.

The ratio currently stands at 40 to 1, having slipped from 45 to 1 last month.

Earlier this week, gold price hit another record high.

"Just as gold started to move higher Bitcoin started to move lower. It really seems that Bitcoin has developed a strong negative correlation to gold," Schiff stated on his social media platform.

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