Brandt Considers Selling Bitcoin for Gold as XAU/BTC Ratio Breaks Out

Renowned chartist Peter Brandt has sparked debate among cryptocurrency enthusiasts by suggesting he may sell part of his Bitcoin holdings to buy gold. In a recent post on X, Brandt shared a monthly chart showing the XAU/BTC ratio breaking out of its long-falling channel.

The 50-year trading veteran pointed out that since October 2025, Bitcoin has fallen around 50% from its peak at $126,000 to around $63,000 currently. Meanwhile, gold rallied to a record above $5,500 in late January before retracing about 25% to $4,174.

Brandt's chart analysis suggests that the gold-to-Bitcoin ratio is poised for a substantial gain, which could validate his decision to sell part of his Bitcoin holdings. However, not everyone agrees with Brandt's assessment. Strategy's Michael Saylor argued that massive capital raises by AI companies have diverted tens of billions of dollars away from crypto in the short term.

Some analysts also point out that long-term holders are absorbing supply rather than distributing it, which could indicate a reversal in the trend. Additionally, recent data shows crypto outperforming both gold and equities as ETF flows turned positive.