Gold vs Bitcoin – Crypto Legend Peter Brandt Sees Gold Mirroring Bitcoin’s Bull Run
Gold vs Bitcoin – Renowned trader Peter Brandt, with over 40 years of experience in commodity trading, recently shared a comparative analysis of Bitcoin and gold charts via Twitter. Brandt highlighted that gold appears to be mirroring Bitcoin’s breakout pattern from last year, specifically an “expanding inverted triangle” formation. While he openly acknowledged the possibility of being wrong, his analysis suggests that gold may be gearing up for a significant move later in 2025, much like Bitcoin’s impressive price surge between April and October 2024.
Gold’s Current Technical Setup: A Potential Crossroads
According to Brandt, gold’s price is currently trapped within a descending triangle, with a horizontal support level near $3,400 and a downward-sloping resistance line. Unlike Bitcoin, which managed a clear breakout, gold faces the risk of a breakdown if it fails to breach this resistance. The comparison underscores the critical point gold faces now, and investors are watching closely to see if it will replicate Bitcoin’s bullish momentum.
Robert Kiyosaki Predicts Market Crash and Bullish Run for Bitcoin and Gold
Meanwhile, famed financial educator and author Robert Kiyosaki, known for his bestseller “Rich Dad Poor Dad,” weighed in on the macroeconomic outlook. Kiyosaki tweeted that his prediction of a major market crash—first outlined in his 2013 book “Rich Dad’s Prophecy”—is imminent. He anticipates collapses across the stock, bond, and real estate markets within 2025, warning that millions of baby boomers could face financial ruin.
Despite the grim forecast, Kiyosaki advocates for increased exposure to Bitcoin, gold, and silver as potential safe havens. He highlighted silver as “the best bargain” currently, projecting it could triple from its current price of around $35 per ounce within the year. Moreover, he reiterated a bullish target for Bitcoin, forecasting prices between $180,000 and $200,000 by 2025.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
