Veteran trader Peter Brandt is looking to move from Bitcoin to gold, citing a technical breakout in the XAU/BTC ratio. His call has reignited the debate over the store of value, sparking sharp opposition from analysts.
Here’s what his chart shows, why timing is important, and how other analysts are reading the same setup.
What does a breakout of the XAU/BTC ratio actually mean?
The XAU/BTC ratio measures how many Bitcoins one ounce of gold can buy. A high ratio means that gold outperforms Bitcoin, while a low ratio indicates the opposite across the market cycle.
Brandt, a respected cartographer with more than 50 years of experience, sees the ratio changing. His monthly chart The pair is showing near 0.067, Curling up from a multi-year base.
Moreover, he believes Gold is poised for big gains With the percentage exiting the descending channel.
Price math explains timing. Bitcoin is now trading at around $62,658, roughly 50% below its October 2025 peak of $126,000.
Meanwhile, gold is hovering near $4,175 despite a 25% rebound from its record above $5,600. According to to TradingView data.
His point of view is based on classical technical analysis, not ideology. Brandt remained cautious about Bitcoin throughout 2026.
Previously, he identified potential lows in the $40,000 to $60,000 range before any move higher. A much higher goal of $250,000.
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Why doesn’t everyone agree with rotation trading?
Not all market participants accept Brandt’s alternation thesis. Michael Saylor He argues Bitcoin’s underperformance stems from a shift of liquidity towards AI infrastructure, not a shift to gold. On-chain data supports a more accurate reading of the market.
while Outflows from ETFs have made headlinesin the long term Owners Absorbed supply. In fact, they added nearly 125,000 BTC during the decline. As a result, the pattern sIt suggests accumulation with strong hands Rather than distributing widely throughout the market.
Analyst Michael van de Poppe I paid Return directly to the chart. “Until Bitcoin doubles, this entire scheme is worthless,” he wrote. His comment underscores the view that Bitcoin’s growth potential could quickly negate any relative weakness versus gold.
Trader Pablo Heyman offered a more balanced view, holding both assets. He sees a near-term upside for Bitcoin if it stabilizes above $55,000. However, he remains bullish on gold in the long termCiting China seeking to challenge the LBMA pricing structure.
“Wow, long Bitcoin short of gold?! What a crazy perspective! I hold both, and I think Bitcoin at least has a big bounce coming over the next few months. As long as Bitcoin stays above 55k, it should have a big bounce. But gold (and silver) I’m bullish on the long term, like the next 5-10 years, maybe more! China will now face the LBMA (London) and try to set a good spot rate in Hong Kong. Most people probably don’t know how that is.” “It will change the world of commodities a lot!” Herman He said On X.
Right now, the XAU/BTC ratio is the clearest scoreboard. A sustained breakout would strengthen gold’s narrative over Bitcoin. However, a rejection could signal Bitcoin regaining momentum, especially as new weekly data shows the cryptocurrency outperforming both gold and stocks.
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this post Peter Brandt is looking to sell Bitcoin to invest in gold, and here’s why appeared first on BeInCrypto.
