Bitcoin vs. Gold: Peter Brandt Weighs In as Gold Hits Record $2,940

Gold has reached an all time high of $2,940 per oz and is solidifying its position as a strong hedge.

Meanwhile Bitcoin is struggling to break $100,000 and is seeing capital outflows, so the old Bitcoin vs gold debate is back. Peter Brandt says institutional investors are moving funds from Bitcoin into gold at least for now.

Gold advocate and Bitcoin hater Peter Schiff was quick to point out gold’s dominance. Over the last year gold is up 44% and 10% of that was in the first 2 weeks of 2025. With Bitcoin stuck, gold’s traditional store of value is attracting investors looking for stability in a macro unstable world.

Peter Brandt on Bitcoin’s Capital Outflows

Peter Brandt says there is no question in his mind that some big money is coming out of Bitcoin at this level. He notes long term Bitcoin holders who have seen 100x returns over the last 10 years might be taking profits and that is slowing down the rally.

• Bitcoin price: $97,650 (as of latest update)

• Daily trading volume: Down 12% to $33.3 billion

• BTC futures open interest: Up 1.62% to $60 billion

• 24-hour liquidations: $19.4 million

This is what Bitcoin does before a big rally, it consolidates first. Market is split on whether BTC will break all time high soon or lag behind gold.

Will Bitcoin Regain Momentum?

Analysts are divided on whether Bitcoin will regain momentum. Michael van de Poppe says Bitcoin could see new highs in the next 2-3 weeks. He compares gold’s recent breakout to Bitcoin’s history of following gold’s moves after a brief pause.

But others are more cautious. Charles Edwards of Capriole Fund says Bitcoin is doing what it did in the summer of 2024, when it was range bound while gold was breaking out. “Gold is ripping, Bitcoin is chopping. You know the deal—Bitcoin will bore you to death.”Bitcoin has historically followed gold’s moves with a 3-6 month lag.

Analysts say global macro uncertainty, trade tensions and inflation fears are driving money into gold. As central banks and institutional investors seek safe haven assets a capital rotation into Bitcoin could be next. For now, just waiting for the BTC to give the green light.