Peter Schiff Calls Bitcoin Rebound ‘Good Opportunity’ To Sell ‘Fool’s Gold’ As BTC Craters More Than 50% Against Silver Over A Year

Economist Peter Schiff asked Bitcoin (CRYPTO: BTC) holders to sell some of their BTC following Tuesday’s rally and invest in silver instead.

Schiff Cheers Silver, Derides Bitcoin

In an X post, Schiff cheered silver’s new all-time high above $60 per ounce, following an almost 5% intraday rise.

“As I forecast, once silver took out the $50 long-term double top, it would be off to the races,” said Schiff, one of the most vocal advocates of precious metal assets.

Schiff also used the opportunity to poke fun at Bitcoiners, stating, “Today’s 2% Bitcoin rally is a good opportunity to unload some fool’s gold and buy silver!”

Full story available on Benzinga.com