Financial trader Peter L. Brandt: Considering selling some of his Bitcoin and buying gold.
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Trader Peter Brandt: Considering selling some of his Bitcoin in exchange for gold
PANews reported on July 6th, citing CoinDesk, that veteran trader Peter Brandt is considering selling some of his Bitcoin holdings and buying gold, believing that gold will rise significantly against Bitcoin. Brandt pointed out that the XAU/BTC chart shows a rounded bottom pattern, suggesting that the downward trend of gold relative to Bitcoin over the past decade may have reversed, and the ratio is beginning to rise. Both BTC and gold have been under pressure recently, but Bitcoin has performed significantly worse—falling 20% in June to below $60,000, its worst monthly performance in four years, while gold fell 11.7% during the same period. Year-to-date, Bitcoin is down 28%, and gold is down 3.9%.
Peter Brandt: Considering selling some Bitcoin to buy gold
According to Mars Finance, on July 7th, Peter Brandt, the renowned trader and chart analyst who successfully predicted the 2018 Bitcoin crash, announced that he is considering selling some of his Bitcoin and redirecting the proceeds to gold. Based on current trends, gold may see a significant rise relative to Bitcoin.
A well-known trader stated that Strategy's OTC selling of cryptocurrencies has limited impact on spot prices, and Bitcoin could potentially reach as high as $65,600.
According to Mars Finance, on July 7th, renowned trader Killa (@KillaXBT) stated that if Bitcoin holds above last week's closing price (approximately $59,000), it could potentially reach $65,600. Furthermore, regarding the "historic sell-off of 3,588 BTC by Strategy," Killa clarified that Strategy did not sell through the open market but rather through institutional trading to avoid significantly impacting Bitcoin's price. This partly explains Bitcoin's initial drop followed by a rise last night. Killa, a quantitative trader specializing in BTC, predicted the peak of this bull market in May 2025 and has over 200,000 followers on the X platform. In mid-April, he short Bitcoin at $74,688 and then went long during the market downturn on June 5th.
A whale initiated its third ETH/BTC exchange rate transaction this year, selling 4,695 ETH and acquiring 133.8 BTC.
According to BlockBeats, on July 5th, EmberCN monitoring showed that the ETH/BTC exchange rate has rebounded from a low of 0.0252 to 0.0285 in the past month. A whale who has already made a profit of 6389 ETH (approximately $11.34 million) this year through two ETH/BTC exchange rate transactions initiated its third ETH/BTC exchange rate transaction this year, selling 4695 ETH at a rate of 0.0285 and buying 133.8 BTC. This whale is betting that the ETH/BTC exchange rate will weaken further, meaning ETH will either rise less or fall more than BTC. On-chain data shows that in its first two ETH/BTC swing trades this year, the whale sold ETH at high exchange rates and bought it back at low rates, accumulating a total of 6,389 ETH. Specifically, in early January, 22,345 ETH were sold for 774 BTC, and then exchanged back for 24,564 ETH at the end of January, resulting in a profit of 2,219 ETH; in mid-April, 24,564 ETH were sold for 784.7 BTC, and then exchanged back for 28,734 ETH in early June, resulting in another profit of 4,170 ETH.
Metaplanet raked in 2,823 BTC in Q2; KWAV completely liquidated his Bitcoin holdings and shifted his focus entirely to AI.
According to ChainCatcher and BBX data, yesterday saw a stark divergence in digital asset treasury strategies among listed companies worldwide, with some aggressively building positions while others drastically reduced them. The latest real-world balance sheet adjustments are as follows: Metaplanet spent a whopping $220 million in Q2: Metaplanet Inc. (TSE: $3350) officially filed a document with the Tokyo Stock Exchange yesterday disclosing that it purchased 2,823 Bitcoins in the second quarter of 2026, paying approximately 3.589 billion yen (approximately $223 million), at an average price of approximately $78,835 per Bitcoin. This purchase increased the company's total Bitcoin holdings to 43,000 Bitcoins, with a total cost of approximately 659.26 billion yen (approximately $4.08 billion). CoinDesk also confirmed on the same day that it recorded "Bitcoin revenue generation" in Q2, but this was suppressed by the decline in Bitcoin prices, resulting in a decrease of approximately 41% compared to the previous quarter. KWAV Strategically Turns Against the Company, Completely Selling Off its Bitcoin Holdings: K Wave Media (NASDAQ: $KWAV) filed a deferred registration statement with the SEC on June 30th, indicating its complete withdrawal from its previously high-profile Bitcoin Treasury plan. All of its Bitcoin holdings have been liquidated. The company plans to redirect up to $250 million in follow-on funding, originally intended for Bitcoin purchases, to AI data centers and GPU computing infrastructure. Along with this liquidation, K Wave Media announced plans to change its name to Talivar Technologies, abandoning its former image as an Asian "Bitcoin follower." Due to the ripple effect triggered by Bitcoin's sharp decline from its $126,000 high, the company is currently considering a reverse stock split to meet Nasdaq's minimum listing maintenance requirements, hastily entering the capital-intensive AI sector.
Peter Brandt says Bitcoin may hit $600K by 2029, calls XRP a ‘fool coin’
An October pullback could offer a buying opportunity before Bitcoin’s next cycle peak, which Brandt expects between $300,000 and $600,000. He’s not sold on “fool coin” XRP.