Peter Brandt is a veteran trader with over five decades of experience who has often correctly predicted gold and Bitcoin (BTC) price movements. He is best known for predicting gold's historic
Peter Brandt is a veteran trader with over five decades of experience who has often correctly predicted gold and Bitcoin (BTC) price movements.
He is best known for predicting gold's historic crash in 1980, which made him a legendary figure in trading circles.
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As inflation triggered traders to embrace safe haven assets during the late 1970s, gold's price began to surge and it reached a record high price of $850 per ounce by January 1980.
But as soon as the Federal Reserve jumped in to aggressively hike interest rates to contain inflation, gold's price crashed by around 80% to hit around $450 per oz.
By mid-1982, gold had fallen more than 60% from its peak, a movement Brandt had already predicted.
What happens at major tops???This was the blow off top in Gold in 1980. This high was not exceeded for 28 years.And it was a fascinating top worth telling about. Back then I would call orders into the pit, speaking periodically to my pit broker.I was speaking to him on Jan… pic.twitter.com/y33rEIfYWQ
— The Factor Report (@PeterLBrandt) April 16, 2025
The trader also keeps a close watch on Bitcoin, which its proponents refer to as "digital gold."
When the leading cryptocurrency's price reached above $10,000 in January 2018, he predicted it would crash below $4,000 the same year.
By December 2018, Bitcoin's price fell below $4,000 as he had predicted.
On July 4, Brandt wrote on X that he was contemplating selling some of his Bitcoin holdings to buy gold.
He predicted, "Gold is going to gain substantially on Bitcoin."
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 $XAUBTCpic.twitter.com/m4EUqkbh5j
— The Factor Report (@PeterLBrandt) July 5, 2026
The chart compares how many Bitcoins one ounce of gold is worth over time. The range has been falling for more than a decade, which means Bitcoin has massively outperformed gold as one ounce of gold buys fewer and fewer Bitcoins over time.
But the downward curve has hit its bottom and seems to be turning up. As per Brandt, the long period of Bitcoin outperforming gold could be over soon, and gold could begin to beat Bitcoin soon.
The price action of the two assets over the last year also reflects the changing dynamics. While gold's price has surged 25% in a year, Bitcoin's price has declined 43% during the same period.
At press time, gold was trading at $4,137 per ounce and Bitcoin was trading at $61,886.68.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
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