Bitcoin could grow by over 400% versus gold in the coming months, according to a technical setup shared by seasoned analyst Peter Brandt.
Bitcoin’s market capitalization has skyrocketed by an astounding 350,000% since its inception compared to its traditional safe-haven rival, gold.
New signals suggest that Bitcoin (BTC) may be on the verge of another extended price rally, signaling renewed momentum against the precious metal.
The BTC/GLD ratio chart compares the assets’ performance and could serve as a barometer to gauge BTC’s adoption rate compared to gold. For instance, the rise in the ratio reflects Bitcoin outperforming gold in terms of market cap performance and vice versa.
