Economist has advocated selling Bitcoin positions to purchase silver as the cryptocurrency reaches new highs. His recommendation comes as silver trades above $37 with nearly 2% daily gains, positioning the precious metal for what he anticipates will be a larger advance than Bitcoin’s continued rise.
Schiff argues that silver’s upside potential exceeds Bitcoin’s future gains while offering limited downside risk compared to cryptocurrency volatility. The economist positions current Bitcoin highs as optimal selling opportunities to reallocate capital toward precious metals before silver begins its next major upward movement.
He identifies $40 as a critical resistance level for silver, predicting a quick advance to $50 once this threshold breaks. Schiff says silver mining stocks are undervalued and likely to surge with silver.
Schiff has Bitcoin and Ethereum treasury companies as schemes designed to exploit investors willing to pay premiums for companies without legitimate business models. His assessment characterizes these corporate strategies as attempts by questionable actors to take advantage of other market participants.
The economist is adamant in his belief that Bitcoin is “digital fool’s gold” and lacks any real usefulness or intrinsic value. His interview in June 2025 noted that Bitcoin was well-liked due to hype and not due to inherent value, unlike the useful applications of gold in technology and medicine.
During the Bitcoin 2025 conference in Las Vegas, Schiff distinguished Bitcoin from gold by highlighting differences in their operations. Schiff believes it is not consumable to produce jewelry, generate electricity, or create physical world applications that gold is used for in some industries.
The market volatility also separates from gold, according to Schiff’s assessment. Bitcoin moves up and down with risky assets, such as technology equities, while gold acts as a safe haven during market fear. Therefore, a “digital gold” tag is inaccurate, according to his argument.
The economist revealed that he holds only Bitcoin obtained as free gifts and aims to hold on to them until the time they become worthless. The move is in accordance with his forecast that Bitcoin will eventually crash while precious metals are long-term investments.
Silver mining shares are prospective since they do not capture high metal prices in their current valuations. The lack of linkage between physical silver performance and share prices offers potential for tremendous returns after market awareness is reached.
Present market conditions are in favor of silver allocation over Bitcoin exposure according to Schiff’s model. Industrial applications of the precious metal and monetary applications provide fundamental support that cannot be replaced by cryptocurrency.
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