Peter Schiff Tells Investors to Drop ETH and Grab Bitcoin-For Now, Anyway

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  • Ethereum’s recent price jump? Might be a one-hit wonder, warns Schiff.
  • Bitcoin’s still king for the ‘digital gold’ crowd, offering stability and bragging rights.
  • Institutional money is flowing into ETH, but Schiff sees a dark cloud-probably a bear’s yawn.

Peter Schiff, that legendary gold enthusiast and crypto curmudgeon, has been waving his scepter and urging folks to switch out Ethereum (ETH) for Bitcoin, even as ETH recently strutted up to a shiny new high. In his characteristic tweet-think of it as a grumpy owl’s wisdom-he claims that no matter how much Ethereum has surged, the smarter move is to cash out ETH and dive into Bitcoin. Because, why not? Maybe he’s just jealous of ETH’s party, or maybe he’s got that old man’s eye for a storm coming. Either way, his advice sounds like a banker’s warning-“Stay away from the shiny! It’s fleeting.”

Source- X

He’s on record saying he’s neither a fan of Ether nor Bitcoin-probably prefers nap times over digital assets-but if pressed, his loyalty clearly tilts toward Bitcoin’s unshakeable image as the real “digital gold.”

Ethereum cracked past 4,200 bucks, creeping upward, while Schiff’s gloom remains intact-probably counting on the fact that this ‘rally’ looks suspiciously like a catnap. Meanwhile, Bitcoin still lounges above the $118,000 mark, as if to say, “Hey, I’m still the boss.”

Is Ethereum’s Rally Just a Short-Til-Boom Bounce?

Schiff – ever the prophet of doom in shiny shoes – claims this Ethereum rally is just a bear market bounce, a mere blip in an otherwise grim picture. In his view, ETH’s recent uptick is just part of a larger weakness-a kind of crypto version of a false alarm sounding in the dark.

Yeah, ETH got some serious institutional love, with inflows like $461 million into ETFs, which sounds impressive-until you remember Schiff’s motto: “Money in, money out, and who really wins?”-and he laughs in the face of those inflows, basically calling them a mirage.

Even with Ethereum’s ETF inflows surpassing Bitcoin’s-$404 million versus Bitcoin’s less sparkly funds-Schiff remains unimpressed. To him, Ethereum is trying to muscle into smart contracts and DeFi, but it’s losing its initial punch. Bitcoin, despite some structural flaws, still rules the ‘digital gold’ kingdom-because what’s a kingdom without a little chaos?

Bitcoin and Ethereum: The Market’s Tug-of-War

The ether-to-bitcoin exchange rate is nudging downward, giving Schiff’s ‘short-term weakness’ theory some weight. Bitcoin’s market share has dipped to about 59.1%, down nearly 5% in a month-like a boxer taking a few punches but still standing. Meanwhile, Ethereum’s slice of the pie has edged up to 13%, but it’s still the guest at the king’s banquet, not the host.

He’s waving his charts like a stern schoolteacher demanding attention-“See here! Sell your ETH, buy Bitcoin!”-because in his eyes, the flaws of both coins are obvious; he just prefers Bitcoin’s long-term holdability. It’s a gamble-will this Ethereum rally be a victory march, or just a flash in the pan before the economic lion roars again?

Schiff’s Contrarian Whisper Sparks Noise

Though Schiff insists he’s not rooting for anyone in crypto-probably because he’s too busy dreaming about gold-his outspoken bias toward Bitcoin catches the eye of traders trying to make sense of the chaos. His warning? Hold your nerves, and maybe… cash in on Bitcoin while ETH tries to win hearts.

With ETH flirting around 4,205 USD and BTC brushing close to 118,000, changing your assets based on Schiff’s warning might be a jolt-like switching horses in midstream. But hey, the market never sleeps, and Schiff’s social media rants keep the crypto world spinning, wondering if this recent Ethereum bump is just the last hurrah-or the beginning of a bigger storm brewing.

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2025-08-10 21:33