[DigitalToday reporter Yoonseo Lee] Legendary trader Peter Brandt said he is considering selling part of his bitcoin holdings and moving the funds into gold.

On July 5 (local time), blockchain media outlet U.Today reported that Brandt believes gold is likely to show clear strength versus bitcoin in the period ahead.

He based the view on a gold-bitcoin ratio chart he presented. The chart shows bitcoin has long outperformed gold, a representative safe-haven asset. Brandt said the rise has slowed in recent years and a rounded bottom reversal signal is now appearing.

Brandt wrote on social media that he is considering selling some bitcoin and investing the proceeds in gold. He said gold is expected to surge substantially versus bitcoin. Brandt said the gold-bitcoin ratio has started to turn upward within an ascending channel. He said the move has continued after gold recovered some of its losses versus bitcoin in 2025.

The remarks extend Brandt's recent cautious stance on bitcoin's short-term moves. Earlier this summer, he warned traders not to rule out the possibility of further declines or a final crash. At the time, Brandt said he would not find a tradable bottom before October.

Brandt cited strong cyclical patterns seen in the market over the past 15 years as the basis for his outlook. If the cycle holds, he said an investable bottom is likely to form in September or October this year. While leaving room for a short-term pullback, he has not turned bearish on the long-term outlook.

Brandt has also presented a long-term target range for bitcoin earlier this year of $300,000 to $500,000 in September or October 2029. He said long-term investors who can tolerate current volatility could see the next macro peak around that time. That leaves him holding both the possibility of a short-term correction and a long-term bullish view.

Another figure has pointed to risk signals across the broader market. Bloomberg Intelligence strategist Mike McGlone said bitcoin could move like an indicator that front-runs a deflation cycle after inflation. He said gold and U.S. stocks are sending warning signals at the same time.

McGlone said the 60-day correlation between gold and the S&P 500 recently reached its highest level since 1975, based on the database. He warned that a downturn in the crypto market could be a canary in the coal mine. He said even a gradual slide in the stock market in the second half of this year could raise the risk of cascading declines.

Market attention is splitting into two tracks. One is whether gold will indeed cement a reversal against bitcoin. The other is whether bitcoin, as Brandt suggested, will go through further declines or heightened volatility until September to October before forming a bottom. In the short term, the relative strength of gold versus bitcoin and whether the stock market corrects are emerging as key variables.

I am contemplating selling some of my Bitcoin and going to Gold with the money. Looks to me that Gold is going to gain substantially on Bitcoin $XAUBTC pic.twitter.com/m4EUqkbh5j