Peter Schiff Urges Selling Bitcoin for Silver as BTC Hits Record Highs

• Schiff predicts silver’s upside beats Bitcoin’s, calling current crypto highs an exit point.
• He expects silver to break above $40, forecasting a quick move toward the $50 level.
• Schiff says Bitcoin is “digital fool’s gold” with no utility compared to precious metals.

Economist Peter Schiff 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.

With Bitcoin hitting new highs today (in dollars), it's a great time to sell some and buy silver ahead of silver's next big leg up. Even if Bitcoin keeps rising for a while, silver should rise much more. And while Bitcoin can easily crash, silver's downside seems very limited.

— Peter Schiff (@PeterSchiff) July 10, 2025

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…

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