#binance #btc #bitcoin #StartInvestingInCrypto Legendary trader Peter Brandt predicts Bitcoin price is about to increase 344%

Veteran trader Peter Brandt expects Bitcoin to gain 344% against gold over at least the next 12 months, based on current technical indicators.

Veteran trader Peter Brandt has made an impressive new prediction about Bitcoin's future$BTC value relative to gold. According to his analysis, he predicts Bitcoin is set to continue to appreciate against precious metals over the next 12 to 18 months.

He predicts that the number of ounces of gold needed to buy one Bitcoin will eventually reach 100, which would mean a 344% increase in Bitcoin's current value relative to gold.

Since its inception Bitcoin $BTC has gained against Gold. This chart shows the # oz. of $GC_F to buy one BTC. The ratio should chop for another 12 to 18 months — then advance to 100 oz of GC to buy a BTC

What say you @PeterSchiff pic.twitter.com/3G2adZV0KM

— Peter Brandt (@PeterLBrandt) May 30, 2024

Brandt's forecast is supported by the chart he shared, noting how Bitcoin has performed historically compared to gold. If Brandt's prediction comes true, Bitcoin fans could reap huge amounts of profit from their investment.

At the time of writing, Bitcoin is trading for $68,321.91, equivalent to 29 ounces of gold per BTC, and has seen a slight increase of 0.45% over the past 24 hours.

The next 12 to 18 months will be a key time to see whether Brandt's bullish prediction comes true.