Gold

April

Peter Brandt, a veteran trader, recently made comments on Bitcoin’s performance in relation to gold, pointing out that BTC, although it has risen recently, has not reached its 2021 highs. In the year 2021, Bitcoin surged to more than $64,000 in April and nearly $69,000 in November. 
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 I continue to point out that on an inflation-adjusted basis and also in relationship to Gold <a href="https://twitter.com/search?q=%24GC_F&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$GC_F</a>, Bitcoin <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$BTC</a> has NOT penetrated the 2021 highs despite the halving and ETFs New highs are needed to confirm the bull trend What are ppl from Missouri saying? <a href="https://t.co/RfCtdjGXFI" target="_blank">pic.twitter.com/RfCtdjGXFI</a>— Peter Brandt (@PeterLBrandt) <a href="https://twitter.com/PeterLBrandt/status/1795510475792490851?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 28, 2024</a>
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In March 2024, Bitcoin hit $73,750 because of bullish sentiments for the halving events and the launching of Bitcoin ETFs. Even with this kind of remarkable performance, it still hasn’t reached its former high-value standing compared to gold. 
In terms of performance, Bitcoin has been on a bullish trend over the last couple of months and continues to outperform gold. Brandt’s BTC/gold chart depicted the history of Bitcoin’s performance relative to gold. However, he stated that for this particular bullish trend to prevail, Bitcoin must move past its levels recorded in the earlier part of the year, 2021. 
Brandt’s observations underscore the ongoing volatility and speculative nature of Bitcoin.&nbsp;At the time of writing, Bitcoin is currently trading at a price of $67,619.05 with a 1.38% price drop within the last 24 hours as per Coinmarketcap stats. <img fetchpriority="high" decoding="async" width="602" height="331" src="https://lh7-us.googleusercontent.com/docsz/AD_4nXcqgVgbfnSCbbBPofpvG-_EVmPdaCCAVDHEZUNczfTtoQw0V1GlL95I95dk-DKqT1sB79hMVgLUJOBZERzC7qjVOq6jFvnKAUc9VJ0owoMK5UCFtqBe5QJE3wpULm4IxWASNl4ncbTVxUAMLISc-VAptR4?key=vJ5I1S7oz4WLKxIyN9-CYw" alt="AD 4nXcqgVgbfnSCbbBPofpvG EVmPdaCCAVDHEZUNczfTtoQw0V1GlL95I95dk DKqT1sB79hMVgLUJOBZERzC7qjVOq6jFvnKAUc9VJ0owoMK5UCFtqBe5QJE3wpULm4IxWASNl4ncbTVxUAMLISc VAptR4?key=vJ5I1S7oz4WLKxIyN9 CYw"> 
Source: <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener">Coinmarketcap</a>

Peter Brandt Weighs In On Bitcoin’s Supremacy Over Gold

The Crypto Times

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