PRECIOUS METALS | Peter Brandt Considers Selling Some Bitcoin to Reallocate Funds Into Gold

Veteran trader and chart analyst Peter Brandt said he is considering selling part of his Bitcoin holdings to raise funds for a gold allocation. According to Odaily, Brandt is known in the market for a past call ahead of Bitcoin’s major decline in 2018 and has decades of commodities trading experience. Brandt said he believes gold has more upside than Bitcoin under current market conditions. He added that he is adjusting his asset allocation approach, leaning toward reducing digital asset exposure and increasing holdings of gold as a traditional safe-haven precious metal.