Peter Schiff Slams Bitcoin Rally, Urges Investors to Shift to Silver
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.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
