I am contemplating selling some of my bitcoin for gold, veteran trader Peter Brandt says
Veteran trader Peter Brandt said gold is going to gain substantially on bitcoin.
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Summary
- Veteran trader Peter Brandt says he is considering selling some of his bitcoin holdings to buy gold, arguing the metal is poised to gain substantially against the cryptocurrency.
- Brandt shared a long-term chart for the XAU/BTC ratio, which shows waning bitcoin dominance and a potential new macro cycle in which gold outperforms the leading cryptocurrency.
