PANews|Jul 06, 2026 06:29
[Trader Peter Brandt: Considering Selling Some Bitcoin to Buy Gold]
According to CoinDesk, veteran trader Peter Brandt stated that he is considering selling part of his Bitcoin holdings to purchase gold, believing that gold relative to Bitcoin will see a significant rise. Brandt pointed out that the XAU/BTC chart shows an arc bottom pattern, suggesting that the downward trend of gold relative to Bitcoin over the past decade may have reversed, and the ratio between the two is beginning to climb upward. Both BTC and gold have been under pressure recently, but Bitcoin's performance has been noticeably worse—falling 20% in June to below $60,000, marking its worst monthly performance in four years, while gold dropped 11.7% during the same period. Year-to-date, Bitcoin has fallen 28%, while gold has declined 3.9%.
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