Peter Schiff has advice for you: sell your bitcoin quickly and buy silver. In his opinion, the cryptocurrency is too expensive.
Bitcoin is too expensive?
One of the most famous Bitcoin critics, Peter Schiff, once again beats the alarm: cryptocurrency must now be sold and bought … No, not gold, this time silver. Interestingly, this well -known investor advises others when the cryptocurrency market is starting to get interesting again.
In the post on X Schiff he wrote that “since Bitcoin has achieved a new maximum today (in dollars), it’s a great time to sell a part and buy silver before another height.”
In his opinion, the BTC course can easily be collapsed, while silver offers more secure investments. In addition, he emphasized that the shares of mining companies from the silver market remain undervalued. According to him, when silver pierces on the graph level 40 USD can go in the direction of 50 USD. So far, you pay just over USD 39 for 1 ounce of silver. From September 2022, the precious metal is slowly more expensive. On September 9, 2022, the market drew its chart bottom at around 18 USD.
How is Bitcoin doing?
Bitcoin registered on the chart of Nowe ATH at 118 870 USD. There are many indications that this is not the end of growth, but rather just starting a new wave. It is worth adding that this time the Ethereum, which until now was considered the worst performing value of this cycle.
Further increases are supported by, among others That ahead of us a resumption of percent rate reductions. by the Fed. In addition, there are many indications that the customs war that the US is conducting is, maybe not so much the end, which ceases to affect the markets. Recently, Donald Trump threatened Canada and Brazil with high tariffs, but investors did not react this time.
Today, 1 BTC costs $ 117,629, Ether – USD 2973. At the end of these markets, there was a Short Squeeze at the end of the week. I explained this phenomenon in my last text about the Bitcoin course.
