A renowned trader, Peter Brandt, recently made a bold prediction about Bitcoin's potential price surge compared to gold, expecting a significant increase of 230%. Brandt foresees fluctuations in the gold to Bitcoin ratio over the next 12 to 18 months, projecting a milestone of 100 ounces of gold per Bitcoin. While the accuracy of Brandt's forecast remains to be seen, a retrospective analysis of the price history of Bitcoin and gold indicates a consistent trend favoring Bitcoin's value over gold. In 2017, Bitcoin surpassed gold in price, reaching its peak of $19,649 on December 17. Even during the challenging 2018-2019 bear market, Bitcoin maintained a higher valuation than gold, exemplified when Bitcoin traded at around $3,126 in December 2018. In contrast, gold's price peaked at $1,283 per ounce by December 2018. Despite volatility, both assets recovered in 2023 after a challenging 2022. By May 2024, gold hit a record high of approximately $2,449 per ounce, trading around $2,320 presently. In comparison, Bitcoin reached a high of $74,000 before declining to $67,210 at the recent time, translating to about 29 ounces of gold to own one Bitcoin at current rates.
Impact of Bitcoin and Gold Price Trends
by Giorgi Kostiuk
2 years ago
Other news
WazirX Addresses Custody Dispute with Liminal Following Cyberattack
WazirX is facing a custody dispute with Liminal after a cyberattack in July 2024 resulted in a loss of over $230 million.
WazirX and Binance Ownership Dispute Escalates to Litigation
The ownership dispute between WazirX and Binance has escalated to formal litigation, raising concerns among investors.
Private Equity Activity Remains Sluggish Amid M&A Boom
Private equity saw a slower rise in activity, with a 25% increase in total deals, reaching $889 billion in 2025. The sector struggled with asset sales, but notable buyouts, including a $5.5 billion takeover of Electronic Arts led by Saudi Arabia's Public Investment Fund, occurred.
Major Megadeals Shape Entertainment and Transport Sectors
The two largest M&A deals of the year involved Netflix and Paramount in the entertainment sector, as they compete to acquire Warner Bros Discovery. In the transport sector, Union Pacific and Norfolk Southern are merging to create a $250 billion railroad empire.
Record Surge in Global M&A Activity in 2025
Global mergers and acquisitions reached a record $4.5 trillion in 2025, marking the highest annual total since 2021.
Bitmain Cuts Prices on Mining Equipment as Industry Faces Turmoil
Bitmain has announced significant price cuts on its mining equipment, including the S19 and S21 series, as the cryptocurrency mining sector faces severe profit margin challenges.
Be the first to know about crypto news every day
Get crypto analysis, news and updates right to your inbox! Sign up here so you don’t miss a single newsletter