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Brandt: Gold in Long-Term Bear Trend Against Bitcoin

2025-08-08 07:34:46

Brandt: Gold in Long-Term Bear Trend Against Bitcoin

Main Idea

Peter Brandt asserts that gold is in a long-term bearish trend against Bitcoin despite its recent outperformance in 2025, as shown by the XAU/BTC ratio's persistent downtrend over a decade.

Key Points

1. Gold has outperformed Bitcoin in 2025, with a 29% increase compared to Bitcoin's 24%.

2. The XAU/BTC ratio has been in a downtrend for over a decade, indicating gold's long-term bearish trend against Bitcoin.

3. Gold reached an all-time high of $3,500 on Apr. 22, 2025, driven by expectations of U.S. Federal rate cuts.

4. Bitcoin briefly surpassed gold in year-to-date returns in July 2025 when it hit its all-time high of $122,838.

5. The Bloomberg Galaxy Crypto Index barely matched the S&P 500's gains in 2025, highlighting the crypto market's underperformance.

Description

Despite outperforming Bitcoin in 2025, gold remains in a long-term bearish trend the leading cryptocurrency

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