Summary
- Peter Schiff mentioned that Bitcoin recently hit an all-time high and encouraged selling some of it.
- He stated that buying silver is a safer investment approach.
- Schiff emphasized that the potential increase in silver prices will exceed that of Bitcoin, while the downside risk for silver remains low.
Peter Schiff, a Bitcoin critic and economist, recommended selling a portion of his Bitcoin (BTC) holdings and buying silver instead.
On the 12th (local time), Peter Schiff stated on X (formerly Twitter), "Recently, Bitcoin has reached a new all-time high (ATH)," and added, "It seems wise to sell some Bitcoin and buy silver."
He suggested that buying silver is a safer investment approach. Peter Schiff remarked, "Bitcoin could continue its upward trend for a while," but also said, "The potential price increase for silver is much greater." Furthermore, he explained, "Bitcoin is an asset that can experience sharp declines, but currently, the possibility of a drop in silver is very low."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Exclusive] South Korea’s FSS to look into ZKsync coin after a 1,000% surge in just three hours](https://media.bloomingbit.io/PROD/news/073d8ae6-ffa0-4b8b-85dd-3f131d9eb908.webp?w=250)
