Peter Brandt, a well-known analyst in the finance world, has predicted that Bitcoin’s rise against gold will continue for the next year. According to Brandt, the value of Bitcoin in relation to gold will triple.
Peter Brandt Brandt’s Bullish Outlook for Bitcoin
Peter Brandt Predicts: Bitcoin to Triple in Value Against Gold prediction is based on his analysis of the relationship between Bitcoin and gold in the market. He believes that the trend of Bitcoin’s value increasing in relation to gold will continue for the next 12 to 18 months.
Peter Brandt In a post on X, where Brandt has over 700,000 followers, he stated that Bitcoin has always been a winner against gold. The post included a chart showing the number of ounces of gold needed to buy 1 Bitcoin.
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Brandt’s Analysis of Bitcoin and Gold
“Peter Brandt Since its inception, Bitcoin has always been a winner against gold. The chart below shows the number of ounces of gold needed to buy 1 Bitcoin. This trend will continue to rise over the next 12 to 18 months. I believe that eventually, the number of ounces of gold needed to buy 1 Bitcoin will reach 100,” Brandt wrote.
Currently, the chart shows that the number of ounces of gold needed to buy 1 Bitcoin is 29. This means that, according to Brandt’s prediction, the value of Bitcoin in relation to gold will increase by more than three times.
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Brandt’s Message to Peter Schiff
Brandt’s post also included a message to Peter Schiff, who is known for his skepticism of Bitcoin and other cryptocurrencies.
“What do you think about this, Peter Schiff?” Brandt wrote.
Schiff has previously stated that he does not believe that Bitcoin and other cryptocurrencies have any real value. He is often invited to finance programs in the US to debate with cryptocurrency advocates.