Peter Brandt Cornered the “Gold Bug”: Bitcoin Always Wins!

Experienced trader and analyst Peter Brandt pointed out Bitcoin's performance against gold.

In his X post dated May 30, Peter Brandt compared Bitcoin and gold. Stating that Bitcoin has gained value against gold since the day it was launched, the experienced name did not forget to tag gold supporter and anti-Bitcoin Peter Schiff in his post.

Stating that the purchasing power of one ounce of gold for Bitcoin has diminished over time, the experienced name emphasized that the increase over time has reached dramatic dimensions. Brandt predicted that 1 Bitcoin could be purchased with 100 ounces of gold in the next 12-18 months:

Bitcoin has gained against Gold since its inception. This graph shows. GC_F to buy one Bitcoin. The rate needs to break for another 12 to 18 months and then rise to 100 ounces of GC to buy BTC.