Legendary Trader Considers Selling Bitcoin for Gold

Legendary commodities trader Peter Brandt has revealed he is contemplating a major portfolio rotation.

Alex Dovbnya · 5 Jul 2026 · 4 min read

Wire content from U.Today

Legendary Trader Considers Selling Bitcoin for Gold

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By
Alex Dovbnya

Sun, 5/07/2026 – 14:20

Legendary commodities trader Peter Brandt has revealed he is contemplating a major portfolio rotation.

Legendary Trader Considers Selling Bitcoin for Gold

Cover image via U.Today

A major reversal?
No low until October?

Legendary commodities trader Peter Brandt has revealed that he is considering selling a portion of his Bitcoin holdings to reallocate the capital into gold. He has predicted that the lustrous metal is currently on track to “gain substantially on Bitcoin.”

A major reversal?

The chart attached by Brandt shows Bitcoin’s massive outperformance against the traditional safe-haven asset.

However, the price action has flattened out in recent years. There is now a distinct rounding bottom or “saucer” pattern.

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I am contemplating selling some of my Bitcoin and going to Gold with the money.
Looks to me that Gold is going to gain substantially on Bitcoin $XAUBTC pic.twitter.com/m4EUqkbh5j

— The Factor Report (@PeterLBrandt) July 5, 2026

There is an ascending channel where the ratio is clearly beginning to bend upward.

A technical reversal might be underway after gold regained some ground against the leading cryptocurrency in 2025. Now, Brandt is convinced that this trend is going to persist.

No low until October?

Earlier this summer, Brandt correctly warned that traders should not rule out lower prices or a “terminal wash-out.”

Most notably, he explicitly declared he does not see a “tradable low until October.”

Deflating Bitcoin

Bloomberg Intelligence strategist Mike McGlone believes that Bitcoin’s may be acting as a leading indicator front-running a broader “post-inflation deflation cycle.”

McGlone has pointed out that gold is currently flashing historic warning signs alongside the broader stock market. Gold recently hit its highest 60-day correlation with the S&P 500 in their database since 1975.

McGlone warns that the crypto market’s decline could be the canary in the coal mine.A moderate decline in the stock market could trigger historic “falling-domino risks” in the second half of the year, according to the analyst.

#Bitcoin Price Prediction
#Peter Brandt
#Gold