Peter Schiff Says Sell Bitcoin, Buy Silver
As Bitcoin smashed past $118K this week, gold bug Peter Schiff resurfaced to call it a perfect selling opportunity. The longtime critic urged investors to rotate into silver, claiming it has more upside and less downside risk than BTC.
Schiff’s call comes as Bitcoin’s “digital gold” narrative strengthens, with even former Bitcoin miners like BTC Digital shifting millions into Ether, branding ETH as a better long-term asset for DeFi and stablecoins.
Bitcoin ETF Inflows Break Records — But Retail Interest Stalls
While institutions continue pouring into spot Bitcoin ETFs—over $2.7 billion in five days—retail interest is nowhere near its 2021 levels. Google search data shows the term “Bitcoin” is down 60% from the post-Trump election spike in Nov. 2024.
Analysts suggest retail investors may think they’ve missed the boat, especially with BTC now trading around $118K. As one trader put it: “At what price does retail wake up?”
Grayscale Battles SEC Over ETF Delay
In another clash with regulators, Grayscale accused the SEC of violating its own deadlines by halting the approval of its Digital Large Cap ETF, despite prior green lights from internal divisions. The battle could have wide implications for multi-asset crypto ETF offerings.
James Wynn “Broke” and Gone
One of the most infamous high-leverage traders, James Wynn, appears to have lost nearly all of his $100M in a series of liquidated BTC bets. He deactivated his X account after updating his bio to one word: “broke.”
Snoop Dogg’s NFTs Sell Out on Telegram
In a surprise twist for the so-called “dead” NFT sector, Snoop Dogg sold nearly 1 million NFTs on Telegram in just 30 minutes, raking in $12 million. The collection is built on the TON blockchain and will begin secondary trading in 21 days.
Winners & Losers of the Week
Top Gainers:
- MemeCore (M): +1,234%
- Stellar (XLM): +59.5%
- Story (IP): +49.6%
Top Losers:
- Jito (JTO): –4.5%
- OKB (OKB): –0.6%
- Pi (PI): –0.15%
Top Prediction
An anonymous analyst says Bitcoin could hit $258K by Christmas, citing the Power Law Time Contours model—if BTC continues following historical trendlines.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.