Veteran trader predicts Bitcoin could soon match 100 ounces of Gold
Veteran trader Peter Brandt forecasts a major surge in Bitcoin’s (BTC) value compared to gold (XAU), predicting BTC could reach 100 ounces of gold within the next 12 to 18 months. Currently, it takes 29 ounces of gold to buy one Bitcoin, suggesting Brandt’s prediction could result in a 230% increase in BTC’s value against gold. Bitcoin has steadily gained ground against gold since its inception. In 2017, Bitcoin surpassed gold in terms of price, peaking at $19,649 on December 17, while gold traded at $1,264 per ounce, requiring 15.5 ounces of gold to buy one Bitcoin. Picks for you Joe Biden steps back, vetoes crypto bill after Trump conviction 50 mins ago Bitcoin price explosion: Chart patterns identify explosive BTC l...