• Veteran trader Peter Brandt said he is considering selling part of his Bitcoin holdings to increase his exposure to gold.
• Brandt believes gold could outperform Bitcoin based on a technical reversal in the gold-to-Bitcoin ratio.
• Despite his near-term caution, Brandt continues to project a long-term Bitcoin peak between US$300,000 and US$500,000 by 2029.

Peter Brandt, a veteran commodities trader, said he is considering selling part of his Bitcoin (CRYPTO:BTC) holdings and reallocating the proceeds into gold after identifying what he believes is a technical reversal favouring the precious metal.

Brandt said the gold-to-Bitcoin ratio appears to be forming a rounding bottom pattern after Bitcoin’s years of outperformance, leading him to…