Is Silver a Better Financial Instrument than Bitcoin? Peter Schiff Slams Critics

• Bitcoin breaks new highs, but Silver’s steady rise attracts investors, citing a safe bet.
• Silver hits highest level since 2011, trailing Bitcoin’s rally but with less risk.
• Peter Schiff urges Bitcoin investors to shift to Silver, calling it a safer hedge with upside.

As Bitcoin makes another remarkable feat of pushing to $118K, a debate has re-emerged among market observers over the merits of traditional assets with digital ones. With the king of crypto steadily progressing, a metal had also caught the attention of investors, but it is not gold this time.

Silver, the often overlooked precious metal, had hit its highest, prompting analysts to suggest it’s time for investors to rebalance. Sharing tweets on X for two consecutive days, Peter Schiff stated that BTC investors could sell some of the asset and buy the metal. Following the thread on the following day, Schiff slammed investors for ignoring the price breakout of Silver.

Notably, the price of Silver had gained around 4.3% over the past five days, reaching about $38.38 per ounce on Saturday during the early European trading session. Meanwhile, Bitcoin gained around 9% over the past week, moving t…

The post Is Silver a Better Financial Instrument than Bitcoin? Peter Schiff Slams Critics appeared first on Coin Edition.