CoinDesk·3 min read·medium
I am contemplating selling some of my bitcoin for gold, veteran trader Peter Brandt says
O
Omkar Godbole
✦AI Summary
Veteran trader Peter Brandt has announced he is considering liquidating a portion of his Bitcoin holdings to invest in gold, citing technical analysis that suggests gold may outperform the cryptocurrency. Brandt points to a shift in the XAU/BTC ratio, indicating that Bitcoin's long-term dominance over the precious metal may be losing momentum.
Brandt, CEO of Factor LLC and widely followed chart analyst, said on X that he is mulling liquidating some of his BTC and using the proceeds to buy gold, as he sees the yellow metal outperforming BTC.
businesscryptoeconomy
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