Peter Schiff Sounds the Alarm: Bitcoin’s Rise Is a ‘Distraction’ From Silver’s Big Moment
2025-07-11 20:50:11
Main Idea
Peter Schiff criticizes Bitcoin's rise as a 'distraction' and advocates for silver, highlighting its recent price momentum and potential for significant gains.
Key Points
1. Peter Schiff calls Bitcoin's new nominal high a 'distraction' while emphasizing silver's rise to nearly $37, up almost 2% on the day.
2. Schiff predicts that once silver breaks above $40, the move to $50 will likely be quick, though silver mining stocks have not yet reflected this potential.
3. Despite Bitcoin's record high of $118,839, Schiff remains dismissive, focusing instead on silver and gold's strong performance.
4. Schiff reiterates his belief that investors are being distracted by Bitcoin, while precious metals like silver and gold offer better opportunities.
5. Schiff notes silver's price approaching $38 per ounce, the highest since March 2012, and highlights gold's strong day with a $30 increase.
Description
Precious metals enthusiast and entrepreneur Peter Schiff has been spotlighting silver’s recent momentum—and taking a few jabs at bitcoin in the process, calling it a “distraction.” As Bitcoin Soars, Schiff Says Silver Is the Real Moonshot Investors Are Missing On Thursday, as bitcoin blasted past its previous all-time highs this year, the longtime gold advocate
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