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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. Brandt believes BTC will outpace gold, driving significant gains in value 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 suggested that BTC may rise by over 400% against gold by 2025. He hinted 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. BTC/GLD weekly ratio chart. Source: Peter Brandt 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.  Analysts give their opinions on the Bitcoin-gold debate 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.  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: 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…

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Filed under: News - @ September 22, 2024 7:02 pm