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Legendary trader Peter Brandt reveals an epic 344% Bitcoin price growth prediction.
Gamza Khanzadaev
Veteran trader Peter Brandt predicts a 344% rise in Bitcoin versus gold over at least the next 12 months
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Veteran trader Peter Brandt has made an epic new prediction about the future value of Bitcoin relative to gold.
According to the analysis, Bitcoin (BTC) is set to continue to clash with precious metals over the next 12-18 months. He predicts that the number of ounces of gold needed to buy one Bitcoin would eventually reach 100, which would mean a 344% increase in the current value of Bitcoin relative to gold.
Brandt’s predictions are supported by a chart he shared, which shows how Bitcoin has performed historically compared to gold. If Brandt’s prediction comes true, Bitcoin fans could see big returns on their investments as the digital currency outperforms the traditional safe-haven asset.
Tale of two Peters
In his analysis, the trader also mentioned Peter Schiff, a well-known gold investor and cryptocurrency critic. Schiff has long argued that Bitcoin is a speculative bubble with no intrinsic value, favoring gold as the most reliable store of value. His skepticism about Bitcoin has made him a controversial figure in debates over the future of digital currencies versus traditional assets.
BTC to USD by CoinMarketCap
At present, the price of the main cryptocurrency is equal to 29 ounces of gold or $68,000 per BTC. The next 12 to 18 months will be critical to see whether Brandt’s bullish prediction comes true.
As Bitcoin continues to gain acceptance and attract institutional interest, the financial community remains divided over its long-term sustainability and value.
About the author
Gamza Khanzadaev
Financial analyst, trader and cryptocurrency enthusiast.
Gamza graduated in Finance and Credit with a specialization in securities and financial derivatives. He then obtained a master’s degree in banking and asset management.
He wants to help cover economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.