Peter Brandt: Considering selling some Bitcoin in exchange for gold

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According to CoinDesk, senior trader Peter Brandt stated that he is considering selling some of his Bitcoin holdings and buying gold, believing that the gold to Bitcoin ratio will rise significantly. Peter Brandt pointed out that the XAU/BTC chart shows a rounded bottom pattern, suggesting that the downward trend of gold relative to Bitcoin may reverse, and the ratio of the two is beginning to rise. Bitcoin fell 20% to below $60000 in June, while gold fell 11.7% during the same period. Since the beginning of the year, Bitcoin has fallen by 28% and gold has fallen by 3.9%.

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