22-7-2025 – Financial commentator Peter Schiff has advised investors to sell Ether (ETH) and buy Bitcoin (BTC) as Ethereum reaches a six-month high, according to a post on X. Schiff made the call on July 21, citing Ether’s current trading range near its upper limit, suggesting it may be overvalued.
The recommendation comes as Ethereum hit approximately $3,758, driven by strong market sentiment and significant trading volume from Spot Ethereum ETFs, which exceeded $3.1 billion in a single day. Schiff, a known skeptic of cryptocurrencies, argued that Bitcoin offers a better investment opportunity, a view that contrasts with the optimism surrounding Ethereum’s recent breakout from a bearish trend.
His post sparked debate among traders, with some questioning his timing given Ethereum’s upward momentum. Schiff’s stance aligns with his long-held preference for traditional assets like gold over digital currencies, though his latest advice has reignited discussions about the relative merits of BTC and ETH. Ethereum’s rally, fueled by institutional interest and altcoin season speculation, has pushed its market cap toward $455 billion, reinforcing its position as a leading cryptocurrency.
