Veteran commodity trader Peter Brandt has ignited a debate in the financial world by asserting that <b>gold</b> is in a "long-term bear trend" relative to <b>Bitcoin</b>. His analysis, based on a weekly chart of the XAU/BTC ratio, suggests that despite recent short-term gains, the precious metal has been on a persistent downtrend against the leading cryptocurrency for over a decade.
<h2>Contrasting Recent Performance</h2>
[embed]https://twitter.com/CamAdelipour/status/1953612353519390938[/embed]

Brandt’s long-term outlook comes at a time when gold is actually outperforming Bitcoin in 2025. According to the article, gold has seen a 29% increase since the beginning of the year, slightly ahead of Bitcoin's 24% gain. This recent rally in gold prices has been attributed to macroeconomic factors, including growing speculation of potential rate cuts by the U.S. Federal Reserve and an increase in global trade tensions. Despite these favorable conditions for gold, Brandt’s analysis focuses on the broader, multi-year trend that he believes shows a clear shift in market dominance.
<h2>The Bigger Picture</h2>
The core of Brandt’s argument lies in the historical data, which he claims demonstrates a steady depreciation of gold's value when measured against Bitcoin. While the recent performance may suggest a temporary comeback for the traditional safe-haven asset, his perspective is that the underlying long-term trend favors <a href="https://www.cryptoknowmics.com/news/bitcoins-resilience-higher-low-sets-stage-for-115k-breakout/" target="_blank" rel="noopener">Bitcoin</a>. This viewpoint challenges the conventional wisdom that gold remains the ultimate store of value, suggesting that Bitcoin may be increasingly fulfilling that role for a new generation of investors.

Peter Brandt: Gold in a "Long-Term Bear Trend" Against Bitcoin

Commodity trader Peter Brandt suggests gold is in a long-term bear trend against Bitcoin, despite outperforming it in 2025.

Peter Brandt: Gold in a "Long-Term Bear Trend" Against Bitcoin

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