Bitcoin

Veteran analyst Peter Brandt predicts a 400% gain for Bitcoin against gold by 2025. In an X post, the crypto trader and analyst provided a detailed chart on his BTC/gold ratio expectations by 2025, riling up commentaries on the space. 
<h3 class="wp-block-heading" id="span-style-font-weight-400-brandt-believes-btc-will-outpace-gold-driving-significant-gains-in-value-span">Brandt believes BTC will outpace gold, driving significant gains in value</h3> 
Author and crypto analyst Peter Brandt predicted that BTC would outperform gold even in 2025. In a social media post, Brandt pointed out his predictions for Bitcoin’s performance against gold, with his forecast favoring the leading crypto. 
Brandt <a href="https://x.com/PeterLBrandt/status/1837621965407818193" rel="nofollow" target="_blank">suggested</a> that BTC may rise by over 400% against gold by 2025. He hinted at a continuous inverted H&amp;S pattern, with the neckline at 32.5 to 1, the left shoulder at 14.2 to 1, and the right shoulder of the pattern forming a flag and could fall from high teens to 1. 
<figure class="wp-block-image aligncenter wp-image-591094 size-full">
 <img loading="lazy" decoding="async" width="1400" height="787" class="wp-image-591094" src="https://www.cryptopolitan.com/wp-content/uploads/2024/09/Veteran-analyst-forecasts-400-Bitcoin-surge-against-gold-by-2025.jpeg" alt="Veteran analyst forecasts 400% Bitcoin surge against gold by 2025" srcset="https://www.cryptopolitan.com/wp-content/uploads/2024/09/Veteran-analyst-forecasts-400-Bitcoin-surge-against-gold-by-2025.jpeg 1400w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/Veteran-analyst-forecasts-400-Bitcoin-surge-against-gold-by-2025-300x169.jpeg 300w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/Veteran-analyst-forecasts-400-Bitcoin-surge-against-gold-by-2025-1200x675.jpeg 1200w, https://www.cryptopolitan.com/wp-content/uploads/2024/09/Veteran-analyst-forecasts-400-Bitcoin-surge-against-gold-by-2025-768x432.jpeg 768w" sizes="(max-width: 1400px) 100vw, 1400px"> 
 <figcaption class="wp-element-caption">
 BTC/GLD weekly ratio chart. Source: Peter Brandt
 </figcaption> 
</figure> 
If the pattern unfolds as he anticipates, BTC’s price could rise to around 123 ounces of gold by 2025, representing an increase of over 400% from the current value of 24 ounces.&nbsp; 
<h3 class="wp-block-heading" id="span-style-font-weight-400-analysts-give-their-opinions-on-the-bitcoin-gold-debate-span">Analysts give their opinions on the Bitcoin-gold debate</h3> 
Aside from Brandt, crypto analyst Anthony Scaramucci expects BTC to perform better than gold in the coming years. According to Anthony, the coin’s market cap will exceed gold’s in the next ten years.&nbsp; 
Rob Chang, CEO of Gryphon Digital Mining, has also contributed to the debate on gold and Bitcoin, citing the advantages of BTC mining over that of gold’s. He argued that Bitcoin mining could result in more innovation and support local grids. 
He said: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Miners seek low-cost power, usually in areas with low demand or where there might not even be enough demand to support a stable grid. The presence of a Bitcoin miner who uses consistent amounts of power is beneficial for regions where the local area may not have the demand to justify a stable grid. <cite>Rob Chang</cite>
</blockquote> 
Chang added that Bitcoin mining difficulty is an inevitable outcome of Bitcoin’s success. “[It] is something miners should expect and in fact embrace since it would only occur if Bitcoin continues to succeed. It incentivizes miners to be as efficient as possible and to innovate to stay as low-cost as possible,” Chang said. 
On the other hand, Robert Kiyosaki, author of Rich Dad Poor Dad, sought to end the comparison between gold and BTC, responding to the question, ‘Which of the two is better suited for investment?’ The author pointed out that what matters the most is one’s holdings in these assets: how much gold one holds or how many bitcoins.

Veteran analyst forecasts 400% Bitcoin surge against gold by 2025

Table of Contents

Cryptopolitan_News

Other articles published on Sep 22, 2024

Hamster Kombat Announces Final List Before Airdrop: 131 Million Qualify

TON Ecosystem Thrives as Altcoins Gain Popularity

Could This Emerging Altcoin Outshine Ethereum with a 20,000% Upsurge?

Unlock Gasless Transactions and Enhanced Coin Utility with Qubetics – Presale Launching Soon!

Skyrocket Your Portfolio: How to 10X Your Investment by Year-End

Ripple and BNY Mellon Partner to Revolutionize Asset Tokenization in Finance

Join our free newsletter for daily crypto updates!