Veteran trader Peter Brandt on Sunday said he is considering selling some of his Bitcoin (CRYPTO: BTC) to buy gold, arguing the metal is poised to gain substantially against the cryptocurrency.

Why Brandt Is Making This Call Now

Bitcoin fell 20% in June to below $60,000, its worst monthly performance in four years. 

Gold dropped 11.7% over the same stretch but held near $4,000 per ounce. Year-to-date the gap is even wider, with BTC down 28% against a 3.9% decline for gold.

“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 wrote on X.

What The XAU/BTC Chart Is Telling Brandt

For over a decade, the XAU/BTC ratio trended lower as Bitcoin relentlessly outperformed gold. 

Since 2019-2020, that pace of decline has markedly slowed, with the steep vertical drops of the 2010s replaced by a flattening curve. 

In technical analysis terms, that flattening signals sellers of gold relative to Bitcoin are running out of steam, and Brandt reads it as the tide turning in gold’s favor.

His call directly contradicts the popular narrative among crypto bulls who expect a massive rotation back into Bitcoin precisely because it has underperformed everything this year.

Saylor Puts A Clock On Bitcoin’s Recovery

Not everyone agrees with Brandt’s timing. Michaël van de Poppe shared a clip from his Prague interview with Strategy Inc. (NASDAQ:MSTR) executive chairman Michael Saylor, who argued Bitcoin’s lag is a capital rotation story, not a structural breakdown.

Saylor called it a “massive AI black hole spinning through the system,” with roughly $500 billion pulling the marginal dollar into hot AI deals instead of crypto. 

He put a specific timeline on the reversal, saying hot money returns to Bitcoin around Q3 with things normalizing by Q4. 

His metric for when Bitcoin becomes attractive: the discount to its 200-week moving average, which he calls the asset’s book value.

Where Other Analysts Stand

Analyst Pablo Heman said he holds both assets and sees at least a big Bitcoin bounce coming over the next few months as long as price holds above $55,000. 

He remains bullish on gold and silver for the next five to ten years, flagging China’s move to challenge London’s LBMA by setting the spot gold price in Hong Kong as a development most market participants haven’t fully priced in yet.

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