Peter Brandt, a prominent commodity trader who also supports Bitcoin, acknowledged on his X account that gold-loving Bitcoin critics are now celebrating a big win after all.
In particular, he mentioned Goldbug, perhaps his most vocal critic. $BTCeconomist Peter Schiff. Brandt also made a super bullish prediction for the price of gold.
Many big names in the crypto industry are also eyeing gold’s new all-time high in light of recent geopolitical tensions between the United States and Denmark.
“I have $8,000 on my card.”
Peter Brandt shared a logarithmic graph showing the growth of gold futures since 1976. This graph reveals three bullish cycles. This chart shows that the current bullish cycle started in 2022. The trader expects gold to soar to $8,000 an ounce at the current pace of growth if the current bull cycle is “similar in scope to past bull cycles.” Just recently, the precious metal hit an all-time high of over $4,800 per ounce.
Brandt added that despite many crypto enthusiasts giving tough Bitcoin critic and gold advocate Peter Schiff harsh opinions about the X Platform, Schiff “has the last laugh.”
$8,000 is possible if current gold bull cycle range is similar to previous bull cycles
@PeterSchiff, for all the sadness especially the crypto cultists, he has the last laugh $GC_F #GOLD pic.twitter.com/8TWhJK9SQD— Peter Brandt (@PeterLBrandt) January 21, 2026
It should be noted that Mr. Brandt often criticizes cryptocurrency fans by calling them “crypto believers.” He does not believe in altcoins and only accepts Bitcoin as the only cryptocurrency worth supporting. Nevertheless, he sometimes shares charts of Ethereum, XRP, Solana, DOGE, and other large coins, stating that he does it as a trader of tradable assets, even if he hates them.
Mike Novogratz talks about the rise in gold prices and future Bitcoin growth
In a recent tweet, Galaxy Digital founder Mike Novogratz discussed the aforementioned spike in gold prices, saying it shows the US dollar is “acceleratingly losing its reserve currency status.” He said the sell-off in long-term bonds has also subsided, which is also “not a good sign.”
Novogratz acknowledged that he feels investors are disappointed with Bitcoin’s current performance. $BTC is “still available for sale.” He believes that the world’s major cryptocurrencies need to reach at least $100,000 to $103,000 to regain their recent upward trend. “I think there’s still time,” Novogratz said.
The price of gold shows that we are losing our reserve currency status at an accelerating rate. Selling long-term bonds is also not a good sign. $BTC Too bad it’s still on sale. Again, you need to get rid of 100-103k to get the gains back…
— Mike Novogratz (@novogratz) January 20, 2026
Bitcoin is currently trading at $89,360 per coin.