From Investing.com: 2024-05-31 09:30:26

Veteran trader Peter Brandt predicts Bitcoin will increase in value against gold over the next 12-18 months, reaching 100 gold ounces per Bitcoin, a 344% rise. Brandt’s chart shows Bitcoin’s historical performance against gold, setting the stage for potential big returns for investors. Financial community remains divided on Bitcoin’s long-term viability.

Analysis contrasts Brandt’s bullish prediction with Peter Schiff’s skepticism towards Bitcoin, favoring gold as a more reliable store of value. Current price of BTC stands at 29 ounces of gold or $68,000. Mainstream acceptance and institutional interest in Bitcoin continue to grow, while debates over its true worth persist. Key 12-18 months ahead to see if Brandt’s forecast materializes.

Read more at Investing.com: Legendary Trader Peter Brandt Reveals Epic 344% Bitcoin Price Growth Prediction By U.Today