Trader Peter Brandt wants to dump bitcoin for gold. Here’s why

In the never-ending battle between bitcoin BTC$63,022.30, the digital gold, and the traditional yellow metal, veteran trader Peter Brandt has picked a side, and it’s not the one bitcoin bulls would have hoped for.

Brandt, CEO of Factor LLC and widely followed chart analyst, said on X that he is mulling liquidating some of his BTC and using the proceeds to buy gold, as he sees the yellow metal outperforming BTC.

“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,” Brandt told his followers on X.

Both BTC and gold have recently taken a beating, though bitcoin has fared noticeably worse than the traditional safe haven metal. The leading cryptocurrency by market value slid 20% in June to below $60,000, marking its worst monthly performance in four years. Gold, by comparison, dropped 11.7% to nearly $4,000 per ounce.

The divergence looks even starker on a year-to-date basis, with BTC down 28% in 2026 versus a 3.9% decline for gold.

Bucking the trend

Brandt’s view flies directly in the face of the popular market narrative among crypto bulls’ that anticipates a massive rotation of money back into BTC and digital assets.