Peter Brandt predicts Bitcoin will rise to 100 ounces of gold, worth approximately $234,400
On May 31, Peter Brandt, a senior chart analyst and founder of Factor Trading, predicted that the value of Bitcoin relative to gold will rise significantly, and the price of BTC is expected to reach 100 ounces of gold, which is approximately US$234,400.
Currently, it takes approximately 29.1 ounces of gold (approximately $68,000) to purchase one Bitcoin. Brandt successfully predicted the collapse of Bitcoin in 2018, and his prediction attracted widespread attention from the market.
If this prediction comes true, Bitcoin will achieve significant appreciation and further consolidate its position in the global financial market.
Do you think the value of BTC can reach such a high value👀?