Experienced trader considers selling Bitcoin and instead buying gold
On July 5, veteran trader Peter Brandt posted on X saying that he is considering selling part of his Bitcoin holdings and switching to gold, and believes that the gold-to-Bitcoin ratio will rise significantly.
Based on chart observations, the XAU/BTC ratio has been in a gradual downtrend since 2019 to 2025, and overall shows a rounded-bottom pattern, which may indicate that gold is beginning to recapture the ground it lost to Bitcoin over the past decade.
According to market data, in June BTC saw its largest monthly drop of 20.48%, at one point falling below $60,000, marking the worst monthly performance in four years. By comparison, gold fell 11.7% in the same month and at one point dipped below $4,000 per ounce.
Overall, while the trader’s remarks have drawn widespread attention, such individual views and potential actions are, to a certain extent, a market noise factor and do not necessarily represent the broader industry trend.
Investors should base their decisions on comprehensive market research and long-term strategy planning in order to protect their assets amid market changes and seize genuine opportunities. It is recommended to stay calm and wait-and-see, and never blindly follow the crowd.
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