Legendary Trader Considers Selling Bitcoin for Gold

Cover image via U.Today A major reversal? No low until October? Advertisement Legendary commodities trader Peter Brandt has revealed that he is considering selling a portion of his Bitcoin holdings to reallocate the capital into gold. He has predicted that the lustrous metal is currently on track to "gain substantially on Bitcoin." A major reversal? The chart attached by Brandt shows Bitcoin's massive outperformance against the traditional safe-haven asset. However, the price action has flattened out in recent years. There is now a distinct rounding bottom or "saucer" pattern. HOT Stories Big Win for XRP? 2.2 Million Hotels Now Bookable With XRP Ethereum Nears Critical Breakout Against Bitcoin I am contemplating selling some of my Bitcoin and going to Gold with the money. Looks to me that Gold is going to gain substantially on Bitcoin $XAUBTC pic.twitter.com/m4EUqkbh5j — The Factor Report (@PeterLBrandt) July 5, 2026 There is an ascending channel where the ratio is clearly beginning to bend upward. Advertisement A technical reversal might be underway after gold regained some ground against the leading cryptocurrency in 2025. Now, Brandt is convinced that this trend is going to persist. No low until October? Earlier this summer, Brandt correctly warned that traders should not rule out lower prices or a "terminal wash-out." Advertisement Most notably, he explicitly declared he does not see a "tradable low until October." You Might Also Like Tue, 06/30/2026 - 15:05 'Only the First Round': Legendary Trader Peter Brandt Reacts to Potential $1.25 Billion Bitcoin Sale By Gamza Khanzadaev Brandt's analysis is based on the "most remarkable cyclic patterns of any market in the past 15 years." If these historical cycles hold true, an "investable low" is strictly scheduled for September or October of the current year. However, earlier this year, he came up with some extremely bullish price targets. For long-term bulls willing to weather the current market chop, Brandt's cyclic roadmap projects the next major macro peak to land between $300,000 and $500,000 in September or October of 2029. Deflating Bitcoin Bloomberg Intelligence strategist Mike McGlone believes  that Bitcoin's may be acting as a leading indicator front-running a broader "post-inflation deflation cycle." McGlone has pointed out that gold is currently flashing historic warning signs alongside the broader stock market. Gold recently hit its highest 60-day correlation with the S&P 500 in their database since 1975. McGlone warns that the crypto market's decline could be the canary in the coal mine.A moderate decline in the stock market could trigger historic "falling-domino risks" in the second half of the year, according to the analyst. #Bitcoin Price Prediction #Peter Brandt #Gold