{"id":133544,"date":"2024-07-20T08:00:35","date_gmt":"2024-07-20T05:00:35","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133544"},"modified":"2024-07-20T02:19:31","modified_gmt":"2024-07-19T23:19:31","slug":"veteran-trader-predicts-bitcoin-will-outperform-gold-by-5x","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/veteran-trader-predicts-bitcoin-will-outperform-gold-by-5x\/","title":{"rendered":"Veteran Trader Predicts Bitcoin Will Outperform Gold by 5x"},"content":{"rendered":"<p>Brandt humorously tagged gold enthusiast Peter Schiff, suggesting it wasn\u2019t Schiff\u2019s day. He highlighted that the BTC\/GLD ratio chart is forming a channel, potentially leading to an inverted head and shoulder pattern with a projected ratio of 150 to 1.<\/p>\n<p>This implies <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> could outpace gold by five times.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">This is not <a href=\"https:\/\/twitter.com\/PeterSchiff?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@PeterSchiff<\/a> day. And next 10 years will be cruel as well.<br>\nThe <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> \/ <a href=\"https:\/\/twitter.com\/search?q=%24GC_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$GC_F<\/a> ratio chart is forming a channel that might become the right shoulder of an inv. H&amp;S pattern projecting ratio of 150 to 1, meaning BTC will outpace Gold by 5X <a href=\"https:\/\/twitter.com\/RaoulGMI?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@RaoulGMI<\/a> what do you th ink? <a href=\"https:\/\/t.co\/Yg3NxFfb0x\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/Yg3NxFfb0x<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1814313355185721416?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">July 19, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Currently, Bitcoin is trading at $66,980, a 6% increase in the past 24 hours. This rise comes despite a significant<strong><a href=\"https:\/\/cryptodnes.bg\/en\/global-it-crash-shocks-the-world-here-is-what-you-should-know\/\"> IT outage<\/a> <\/strong>impacting US equities. Brandt previously noted that Bitcoin was forming a pattern of lower lows and lower highs, indicating a possible end to the bullish trend.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/you-want-to-meet-donald-trump-here-is-how-much-bitcoin-you-will-need-to-pay\/\" title=\"You Want to Meet Donald Trump &#8211; Here is How Much Bitcoin You Will Need to Pay\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/06\/donald-trump-bitcoin-comment-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">You Want to Meet Donald Trump &#8211; Here is How Much Bitcoin You Will Need to Pay<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>However, he has also predicted that Bitcoin could peak at $150,000 during this bullish cycle, aligning with forecasts from other analysts like Tom Lee.<\/p>\n<p>Recently, gold hit another record high. Schiff remarked on social media that Bitcoin seemed to have developed a strong negative correlation with gold, moving lower as gold moved higher.<\/p>\n<p>In July, Schiff predicted a breakdown for Bitcoin after it fell below $60,000. Despite Bitcoin\u2019s recent rally, which brings it within 9.1% of its all-time high from March, Schiff has not yet commented.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prominent trader Peter Brandt recently predicted on social media platform X that Bitcoin will significantly outperform gold.<\/p>\n","protected":false},"author":3,"featured_media":98466,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-133544","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Veteran Trader Predicts Bitcoin Will Outperform Gold by 5x<\/title>\n<meta name=\"description\" content=\"Prominent trader Peter Brandt recently 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