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Veteran Analyst Peter Brandt Predicts a 400% Gain for Bitcoin against Gold by 2025

Patricia Arquette
Patricia Arquette原创
2024-09-23 06:25:36484浏览

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.

Veteran Analyst Peter Brandt Predicts a 400% Gain for Bitcoin against Gold by 2025

Veteran crypto analyst Peter Brandt has predicted a 400% gain for Bitcoin against gold by 2025. In an X post, the crypto trader and analyst shared a detailed chart on his BTC/gold ratio expectations by 2025, which sparked discussions in the crypto space.

According to Brandt, his analysis suggests that BTC will significantly outpace gold, driving substantial gains in value. The analyst shared his predictions in a social media post on Wednesday.

“Maybe an H&S bottom in BTC/gold? Neckline: 32.5 to 1, left shoulder: 14.2 to 1, right shoulder: a flag falling from high teens to 1. If so, a move to 123oz of gold by 2025 (+/-). Amazing how continuous this pattern is when viewed on a monthly chart.”

Brandt's analysis hints at a continuous inverted H&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. 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.

Meanwhile, other analysts have weighed in on the Bitcoin-gold narrative with their perspectives.

Crypto analyst Anthony Scaramucci anticipates BTC will fare better than gold in the upcoming years. In an interview with CNBC, Anthony stated that he expects the coin’s market cap to surpass gold’s in the next ten years.

“I think over the next ten years, you're going to see the market cap of Bitcoin exceed the market cap of gold. I think that's an inevitability.”

On the other hand, Rob Chang, CEO of Gryphon Digital Mining, has highlighted the advantages of BTC mining over gold's, in response to a statement by the World Gold Council that gold mining supports local grids more than Bitcoin mining. Chang argues that 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.

“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.”

Chang adds 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.

In contrast, Robert Kiyosaki, author of Rich Dad Poor Dad, attempted to put an end to 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.

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