Peter Schiff Urges Bitcoin Holders to Sell and Buy Silver
2025-07-11 09:46:19
Main Idea
Bitcoin critic Peter Schiff advises investors to sell Bitcoin and buy silver, despite Bitcoin reaching a new all-time high, arguing that silver is undervalued and poised for significant growth.
Key Points
1. Peter Schiff urges Bitcoin holders to sell BTC and invest in silver, predicting a major price increase for silver once it surpasses $40.
2. Bitcoin hit a new all-time high of $118,254, but Schiff claims it is still underpriced compared to silver, which was trading above $37 and up nearly 2%.
3. Schiff believes silver could quickly rise to $50 if it breaks past $40, with mining stocks also benefiting from this movement.
4. Despite Schiff's warnings, Bitcoin's market cap ($2.20 trillion) remains higher than silver's ($2.007 trillion), ranking sixth among global assets.
5. Crypto community members criticized Schiff's advice, referencing his past incorrect predictions about Bitcoin's price and questioning his stance on its intrinsic value.
Description
Bitcoin critic Peter Schiff is once again sounding the alarm, telling investors to sell Bitcoin (BTC) and purchase silver. These comments come as the flagship cryptocurrency surged past $118,000, achieving a new all-time high. Schiff’s Comments In a July 10 post on X, Schiff urged BTC holders to cash in their stash and turn to silver before the metal’s next upward price movement. “With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s n...
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