Peter Brandt forecasts a significant surge in Bitcoin’s value against gold, predicting a 230% increase within 12–18 months. Historical data supports the potential for such growth, as Bitcoin continues to outperform gold.


Seasoned trader Peter Brandt recently shared a bold prediction regarding Bitcoin (BTC), forecasting that the price of this decentralized digital asset will surge 230% against gold within the next 12 to 18 months. Brandt anticipates that the ratio of gold to Bitcoin will fluctuate during this period before reaching a new high of 100 ounces of gold per BTC.

Historical Context of Bitcoin vs. Gold

To understand the plausibility of Brandt's prediction, it’s essential to examine the historical performance of Bitcoin relative to gold. Since its inception, Bitcoin has progressively gained ground against gold, particularly notable since 2017.

The Milestone Year: 2017

In 2017, Bitcoin achieved a significant milestone by surpassing the price of gold. On December 17, 2017, Bitcoin peaked at $19,649. The following day, when gold resumed trading, it closed at $1,261 per ounce, implying that roughly 15.5 ounces of gold were required to purchase one Bitcoin at that time.

The Bear Market Resilience: 2018–2019

Even during the 2018–2019 bear market, Bitcoin maintained its value well above that of gold. By December 2018, Bitcoin had plummeted to around $3,126. In the same month, gold saw an upward trend, reaching a high of approximately $1,283 by December 31, 2018.

The Pandemic Impact: 2020

In 2020, both Bitcoin and gold experienced significant market movements. Gold saw a bull run, reaching an all-time high of around $2,075 per ounce in August 2020 amid fears of recession and inflation spurred by the COVID-19 pandemic. During this period, Bitcoin traded sideways but managed to reach around $12,341.

Recent Performance and Current Market Status

In 2022, both assets underperformed but rebounded in 2023. By May 2024, gold hit an all-time high of approximately $2,449 per ounce and is currently trading at around $2,320 per ounce. Bitcoin, on the other hand, peaked at about $74,000 before stabilizing at $67,210 at the time of writing. Based on these prices, it currently takes approximately 29 ounces of gold to buy one Bitcoin.

Evaluating Brandt’s Prediction

Brandt’s prediction of Bitcoin surging 230% against gold implies that Bitcoin would dramatically increase its value relative to gold. If Bitcoin were to reach this predicted ratio, it would indeed reflect a significant appreciation, considering the current market dynamics and historical trends.

While it remains to be seen if Peter Brandt’s prediction will come true, historical data suggests that Bitcoin's performance relative to gold has been robust. The digital asset has consistently outpaced the precious metal, even during market downturns. As the market evolves, Brandt's forecast serves as a reminder of Bitcoin’s potential to achieve new heights and continue its dominance over traditional assets like gold.

(VINCE QUILL, COINTELEGRAPH, 2024)