Peter Schiff Says Sell Ether and Buy Bitcoin

Infamous bitcoin sceptic and proud gold bug Peter Schiff posted a curious message to his 1.1 million X followers on Monday afternoon, urging them to sell ether ( ETH) and use the proceeds to buy bitcoin ( BTC). Schiff, who once compared the dominant cryptocurrency to the bulbs of the Dutch Republic’s 1634 “tulip mania,” has been chastising Bitcoiners and ridiculing the notion of “digital gold” for more than a decade. “I don’t see bitcoins as an alternative to gold,” Schiff once said in a 2013 CNBC interview. “It’s no better than a fiat currency.” But after engaging with the Bitcoin community for years, even Schiff can’t deny how successful the digital asset has become. Surprisingly, he spoke at the 2025 Bitcoin Conference in Las Vegas Nevada, albeit as an antagonist and not as a proponent. But on Monday, Schiff told his audience to dump ETH and invest the profits in BTC. “Ether is back near the upper end of its trading range again. If you own any, this is a great time to sell,” Schiff said. “As much as it pains me to say, selling ether and buying bitcoin with the proceeds is a better trade than holding ether.”

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