Peter Schiff says sell Bitcoin for silver as BTC smashes new highs
2025-07-11 12:50:15
Main Idea
Bitcoin's new all-time high near $118,000 has sparked mixed reactions, with Peter Schiff advocating for selling Bitcoin for silver, while others like Arthur Hayes remain bullish on Bitcoin and Ether.
Key Points
1. Peter Schiff, a longtime Bitcoin critic and gold advocate, suggested selling Bitcoin for silver, citing limited downside for silver compared to Bitcoin's potential crash.
2. Arthur Hayes, co-founder of BitMEX, expressed slight bearishness due to US Treasury conditions but remains bullish on Bitcoin and Ether, predicting a strong altcoin season.
3. Erald Ghoos, CEO of OKX Europe, highlighted Bitcoin as a digital macro hedge amid rising global trade tensions and accelerating ETF inflows.
4. Bitcoin's price rallied by around 6% in 24 hours, reaching nearly $118,000, with OKX CEO Roshan Robert noting Bitcoin's resilience and unique market position.
5. Institutional interest in Bitcoin is growing, with ETFs seeing significant inflows and Bitcoin being treated as a form of digital gold.
Description
Bitcoin’s new all-time high near $118,000 has sparked mixed reactions, with gold bug Peter Schiff urging a switch to silver, while others are more bullish than ever.
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