Veteran Trader Peter Brandt Believes Bitcoin Will Outperform Gold by 5x Over the Next Decade

Veteran trader Peter Brandt believes gold bug Peter Schiff may be in for a rough ride over the next decade.

output: A veteran price action trader is predicting that Bitcoin will outperform gold by 5x over the next ten years. This comes as the two assets continue to trade in a tight range, with Bitcoin slowly gaining ground against gold.

Veteran Trader Predicts Bitcoin to Outperform Gold by 5x over Next 10 Years

Veteran price action trader Peter Brandt believes that Bitcoin will massively outperform gold over the next ten years. Brandt shared his thoughts on this in an X post on Friday, July 19, highlighting Bitcoin’s recent price action against gold.

Over the past 24 hours, the price of Bitcoin surged over 6% against gold, jumping from 26 ounces of gold per Bitcoin to nearly 28 ounces at the time of writing. Surmising the price action, Brandt quipped, “This is not @PeterSchiff day,” adding, “And next 10 years will be cruel as well.”

Brandt's view comes as he believes that Bitcoin may be set to perform five times better than gold over the next ten years as the weekly candle Bitcoin against gold chart appears set to form an inverse head and shoulder chart pattern, which usually precedes a long-term bullish run.

Despite Brandt's recent views, Schiff does not appear ready to waver on his anti-Bitcoin stance anytime soon.

Schiff’s Anti-Bitcoin Evangelism Continues

In an X post on Tuesday, July 16, the renowned economist could be seen touting gold over Bitcoin in his usual fashion.

Schiff's post comes as the price of gold surged to highs of $2,420 per ounce on Thursday, July 18, reaching its highest levels since April 2022. At the same time, Bitcoin has also seen some gains, surging from lows of around $62,000 to lows of $66,000 at the time of writing.

On the Flipside

Why This Matters

Peter Brandt's recent analysis highlights the shifting tides of investments toward technology, including digital assets.

Read this for more on Peter Schiff’s Bitcoin views:

Peter Schiff Warns Bitcoin Plunge Is Far from Over

Stay up to date with the latest in the Grayscale ether ETF fees debacle:

Grayscale Adjusts Ether ETF Fees in Response to Criticism: Game On?

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