Peter Brandt notes the Bitcoin price rally’s brief pause as gold prices reach record highs. Analysts expect BTC capital to return in the coming months.
Gold solidifies its market position by reaching a record high of $2,940 per ounce. At the same time, the Bitcoin price cannot surpass the $100,000 mark. This has reignited the traditional Bitcoin vs. Gold debate, with experts from both sides contributing their perspectives. A seasoned trader, Peter Brandt, observed that Bitcoin’s substantial funds are being extracted.
Is Bitcoin underperforming Gold?
Yellow metal reached new all-time highs of $2,940 earlier today, and gold prices rallied. This is a strong demonstration of fortitude. In the past few years, Bitcoin has been losing potency compared to Gold, as economist and Bitcoin critic Peter Schiff noted. Schiff composed the following message on the X platform:
“In 2021, when Bitcoin hit a high of $69K, its market cap was 10.72% of gold’s market cap. Today, even with Bitcoin at $98K, its market cap has fallen to 9.95% of gold’s market cap. If Bitcoin is the new gold, why has it become less important than gold over the past four years?”
The price of Gold has increased by an astonishing 44% in the past year, with a nearly 10% increase since the beginning of 2025. Gold has become an appealing alternative due to its unprecedented rally, as Bitcoin bulls are presently experiencing turbulence.
Peter Brandt Acknowledged Bitcoin Outflows
Veteran trader Peter Brandt also acknowledged that there have been significant capital outflows from BTC in recent times. He wrote, “I am confident that there is substantial revenue emanating from Bitcoin at this time.”
Brandt emphasized that long-term Bitcoin whales, who have experienced returns of up to 100x over the past decade, may now be collecting profits. He underscored that this conduct is a component of the natural market cycle as investors reevaluate their positions following substantial gains.
When will Bitcoin resume its upward trajectory?
The crypto market analysts are still divided on whether the Bitcoin vs. Gold debate and the potential for BTC to rebound shortly will weary investors to death. Michael van de Poppe, a renowned crypto analyst, has expressed an optimistic outlook regarding Bitcoin’s price trajectory, indicating that the leading cryptocurrency is on the cusp of reaching new all-time highs.
Van de Poppe emphasized the recent robust performance of Gold, which has been achieving record-breaking levels. “Gold has been achieving significant all-time highs, and I anticipate that Bitcoin will do the same in the next 2-3 weeks,” he stated.
Nevertheless, other experts contend that BTC is currently in a state reminiscent of the summer of 2024. Charles Edwards, the proprietor of Capriole Fund, attributed Bitcoin’s reticence during the Gold rally to its tendency to remain silent. “Gold is being ripped apart, and Bitcoin is being chopped.” Summer 2024 atmosphere. Edwards observed, “You know that Bitcoin will bore you to death.”
In the past, Bitcoin experienced more significant breakthroughs within 3-6 months of gold surges. According to Edwards, the current market conditions, which include global tariffs, uncertainty, and potential inflation, are prompting central banks and Asian investors to consider Gold as a hedge. He predicts that this rotation toward Gold will ultimately transition to Bitcoin.
The BTC price currently trades at $97,650, with daily trading volumes declining by 12% to $33.3 billion as of press time. The 24-hour liquidations have increased to $19.4 million. The BTC’s future open interest has marginally increased by 1.62% to $60 billion, according to the Coinglass data.
