Analyst Peter Brandt: Bitcoin will increase 3 times against gold
Peter Brandt, one of the experienced analysts known in the financial world, said that Bitcoin's rise against gold will continue in the next year. Brandt said in his comment: "Bitcoin will be 3 times more valuable against gold."
Peter Brandt made an ambitious analysis about Bitcoin. Comparing Gold and Bitcoin, Brandt stated that the rise of the largest cryptocurrency against the yellow metal will increase significantly over the next 12 to 18 months.
Brandt, who has more than 700 thousand followers on X, stated that Bitcoin has always been valued against gold since its creation and used the following statements:
“Since its emergence, Bitcoin has always won against gold. The chart below shows the number of ounces of gold needed to buy 1 Bitcoin. This rate will continue to increase in the 12 to 18 month period. "I think eventually the number of ounces of gold required to buy 1 BTC will increase to 100."
The chart currently shows the number of ounces of gold required to buy 1 BTC as 29. Therefore, according to Brandt's prediction, the appreciation of Bitcoin against gold will be more than 3 times.
In the last sentence of his comment, Brandt sent a message to Peter Schiff, who is against Bitcoin, and said, "What do you say to this comment, Peter Schiff?" said.
Schiff, who is against Bitcoin and cryptocurrencies, claims that such assets have no tangible value.
Schiff is often invited to appear on programs by the US financial media for debates against cryptocurrency advocates.
-Uzmancoin
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