Buy 'Silver' on Bitcoin Rise? Peter Schiff's Contrarian Strategy in the Spotlight

This article is machine translated
Show original

As Bitcoin (BTC) reaches an all-time high in dollar terms and once again attracts investors' attention, prominent Bitcoin critic Peter Schiff argued that this upward trend should be used as an opportunity to invest in silver.

Schiff, who is also an advocate for gold investment, posted on X (formerly Twitter), "Now that Bitcoin has hit an all-time high is the time to sell some and buy silver in preparation for its next rise," emphasizing that silver has more potential for growth than BTC. He added that while Bitcoin could experience a significant drop at any time, the downside risk for silver is very limited.

Meanwhile, BitMEX co-founder Arthur Hayes also shared his perspective on the market situation. He assessed that short-term liquidity might decrease as the US Treasury General Account seeks to replenish finances through new bond issuances. However, with Bitcoin breaking its all-time high and Ethereum (ETH) continuing its upward trend, he maintains a long-term bullish outlook.

He further stated that "[Ethereum] will show higher returns than Bitcoin, and to prepare for a major altcoin season."

The market is also focusing on another important variable. Hayes explained that there are expectations that Trump will step back from high tariff policies, which are being reflected in the market. He disclosed that his family office fund 'Maelstrom' is preparing to re-enter the market.

Erald Ghoos, European CEO of European cryptocurrency exchange OKX, also commented on the recent Bitcoin rally, stating that it is not just a temporary phenomenon but a signal that Bitcoin is establishing itself as the ultimate digital macro hedge. He analyzed that institutions are treating BTC like digital gold amid global trade tensions and policy-centered liquidity environments. Particularly with volatility dropping to its lowest level in the past decade, he forecasted that Bitcoin ETF inflows accelerating could make July a critical turning point.

Bitcoin reached an all-time high of $112,000 (approximately 155.68 million won) on the 4th and continued to show an additional 6% rise on the 5th, trading around $118,000 (approximately 164.02 million won). As optimism spreads across the market, key figures are assessing that complex factors such as liquidity cycles, macroeconomic uncertainties, and increased institutional investment are driving this rise.

For real-time news...Go to Token Post Telegram

<Copyright ⓒ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>

#Bitcoin#Silver#ArthurHayes#PeterSchiff#Ethereum#OKX#Liquidity#Trump

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments