10-8-2025 – Economist Peter Schiff reiterated his preference for Bitcoin (BTC) over Ethereum (ETH) on August 9, despite Ethereum’s recent price surge. Schiff, a known cryptocurrency skeptic, advised investors to swap ETH for BTC, citing Bitcoin’s stronger market position, even as Ethereum hit a 2025 high above $4,000.Ethereum’s rally, fueled by whale transactions and increased derivatives activity, has driven its market share to 13%, up 3.34% from last month, while Bitcoin’s dominance dropped to 59.1%, down 4.91%, per CoinMarketCap data.
This shift reflects capital rotating into Ethereum and altcoins, with Bitcoin’s dominance falling from a June peak of 65.1%. Schiff, who remains bearish on both assets, argued Bitcoin’s institutional appeal and market cap make it the safer choice, despite Ethereum’s short-term gains outpacing Bitcoin’s last week.Bitcoin, trading above $100,000, continues to attract corporate treasury investments and spot ETF inflows, reinforcing its position as the leading cryptocurrency.
Ethereum’s surge, however, signals growing investor interest in its smart contract capabilities, though Schiff warned its rally may be a “bear market rally” based on technical charts. Critics, including analyst Benjamin Cowen, challenge Schiff’s view, suggesting Ethereum’s momentum could persist.
