Bitcoin or Ethereum? – Why Peter Schiff’s pick may surprise you

Key Points

1. Peter Schiff maintains his stance on swapping Ethereum for Bitcoin, despite Ethereum's recent price rally, due to his long-term conviction in Bitcoin.

2. Ethereum's price rose 1.14% to $4,213.86, while Bitcoin climbed 0.96%, but the ETH/BTC ratio declined by -2.57%, indicating Ethereum weakened against Bitcoin.

3. Institutional investment in Ethereum ETFs ($461.0 million inflows) surpassed Bitcoin ETFs ($403.9 million inflows), suggesting growing Ethereum exposure demand.

4. Bitcoin's market dominance dropped to 59.1% (down 4.91% monthly), while Ethereum's share increased to 13% (up 3.34%), with other cryptocurrencies holding 28% of the market.