Peter Schiff Slams Bitcoin Rally, Urges Investors to Shift to Silver
The post Peter Schiff Slams Bitcoin Rally, Urges Investors to Shift to Silver appeared on BitcoinEthereumNews.com. Bitcoin As Bitcoin soared to a record high of $117,000, longtime crypto critic Peter Schiff resurfaced with a sharp warning for investors riding the wave. The economist, known for his unwavering belief in precious metals over digital assets, called the surge “an ideal moment to exit.” Schiff dismissed Bitcoin-centric companies as hollow ventures, accusing them of luring in uninformed investors with no underlying business fundamentals. “Anyone chasing these stocks or tokens is being duped—or worse, doing the duping,” he claimed. In a statement, he urged holders to use this price peak to offload Bitcoin and rotate into silver, which he believes carries far less downside risk. “Even if Bitcoin climbs further, silver has more room to run with less chance of collapse,” he argued. Interestingly, despite his anti-Bitcoin stance, Schiff recently capitalized on the network himself—selling a personal NFT collection on Bitcoin, revealing a more complex relationship with the asset he so often condemns. Author Alexander Stefanov Reporter at Coindoo Алекс е опитен финансов журналист и ентусиаст в областта на криптовалутите. С над 8 години стаж в отразяването на криптовалутите, блокчейн и финтех индустрията, той е добре запознат с комплексния и постоянно развиващ се свят на дигиталните активи. Неговите задълбочени и провокиращи статии предоставят на читателите ясна картина за най-новите развития и тенденции на пазара. Подходът му му позволява да разбива сложни идеи w достъпно и задълбочено съдържание. Следете публикациите му, за да сте в крак с най-важните тенденции и теми. Related stories Next article Source: https://coindoo.com/peter-schiff-slams-bitcoin-rally-urges-investors-to-shift-to-silver/
The post Peter Schiff Slams Bitcoin Rally, Urges Investors to Shift to Silver appeared on BitcoinEthereumNews.com.
Bitcoin As Bitcoin soared to a record high of $117,000, longtime crypto critic Peter Schiff resurfaced with a sharp warning for investors riding the wave. The economist, known for his unwavering belief in precious metals over digital assets, called the surge “an ideal moment to exit.” Schiff dismissed Bitcoin-centric companies as hollow ventures, accusing them of luring in uninformed investors with no underlying business fundamentals. “Anyone chasing these stocks or tokens is being duped—or worse, doing the duping,” he claimed. In a statement, he urged holders to use this price peak to offload Bitcoin and rotate into silver, which he believes carries far less downside risk. “Even if Bitcoin climbs further, silver has more room to run with less chance of collapse,” he argued. Interestingly, despite his anti-Bitcoin stance, Schiff recently capitalized on the network himself—selling a personal NFT collection on Bitcoin, revealing a more complex relationship with the asset he so often condemns. Author Alexander Stefanov Reporter at Coindoo Алекс е опитен финансов журналист и ентусиаст в областта на криптовалутите. С над 8 години стаж в отразяването на криптовалутите, блокчейн и финтех индустрията, той е добре запознат с комплексния и постоянно развиващ се свят на дигиталните активи. Неговите задълбочени и провокиращи статии предоставят на читателите ясна картина за най-новите развития и тенденции на пазара. Подходът му му позволява да разбива сложни идеи w достъпно и задълбочено съдържание. Следете публикациите му, за да сте в крак с най-важните тенденции и теми. Related stories Next article Source: https://coindoo.com/peter-schiff-slams-bitcoin-rally-urges-investors-to-shift-to-silver/
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