Peter Brandt predicts gold will significantly outperform bitcoin.
By Omkar Godbole Jul 6, 2026, 6:03 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on Trader Peter Brandt leans towards gold over Bitcoin. (Jakub Żerdzicki/Unsplash)SummaryShow- Veteran trader Peter Brandt has expressed interest in selling a portion of his bitcoin to invest in gold, believing that the metal is set to outperform the cryptocurrency.
- Brandt provided a long-term chart for the XAU/BTC ratio, indicating a decline in bitcoin's dominance and a potential new macro cycle where gold could excel compared to bitcoin.
In the ongoing rivalry between bitcoin BTC$62,930.03, often referred to as digital gold, and the traditional precious metal, veteran trader Peter Brandt has made his choice, which might not align with bitcoin enthusiasts' hopes.
Brandt, the CEO of Factor LLC and a well-known chart analyst, stated on X that he is considering selling some of his BTC holdings in favor of gold, anticipating that the latter will outperform the former.
"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," Brandt stated to his audience on X.
Both bitcoin and gold have recently experienced declines, with bitcoin suffering more than the traditional safe haven asset. The leading cryptocurrency dropped 20% in June, falling below $60,000, marking its worst monthly performance in four years. In contrast, gold fell by 11.7% to around $4,000 per ounce.
When viewed on a year-to-date basis, the difference is even more pronounced, with BTC down 28% in 2026, while gold has only seen a 3.9% decline.
Challenging the prevailing narrative
Brandt's perspective contradicts the widely held belief among crypto advocates that a large influx of capital will return to BTC and digital assets.
The rationale is straightforward: BTC has lagged behind gold, tech stocks, and nearly every other asset this year, leading some to consider it oversold and appealing compared to these alternatives.
However, Brandt's technical analysis indicates that such a capital rotation may not materialize, and gold's outperformance over BTC could persist.
Shifting momentum
Examining the XAU/BTC chart sheds light on Brandt's preference for gold. The XAU/BTC ratio reflects the price of gold in terms of bitcoin.
For more than ten years, XAU/BTC exhibited a downward trend, showcasing bitcoin's consistent outperformance against gold. Yet, since around 2019-2020, the rate of decline in this ratio has significantly diminished.
In technical terms, this indicates a reduction in bearish momentum for the ratio. The once steep declines of the 2010s have been replaced by a flattening trend, suggesting that sellers of gold relative to bitcoin are becoming exhausted.
Currently, it appears that the momentum is shifting back towards gold.
XAU/BTC. (Peter Brandt, TradingView)The "rounding" effect that Brandt pointed out suggests that the ratio's decline has not just halted; it is beginning to trend upward.
This could signal the onset of a new macro cycle, where gold starts to regain its lost ground to bitcoin over the past 15 years.
If Brandt's analysis holds true, the anticipated market rotation may indeed occur, but in the opposite direction of what BTC supporters hope for—moving from BTC into gold.