Peter Schiff Warns Traders Taking Profits In Gold, Silver And Buying Bitcoin ETFs And MSTR Stock: ‘That’s A Big Mistake’
Posted On January 15, 2026
Economist Peter Schiff questioned the sustainability of Bitcoin’s ongoing rally on Wednesday, arguing that investors are mistakenly rotating profits from commodities into cryptocurrency-linked assets.
Schiff Downplays Bitcoin Rally
Schiff suggested in an X post that traders are taking profits in gold and silver mining stocks and buying Bitcoin exchange-traded funds and Strategy.
“That’s a big mistake,” the Bitcoin skeptic stated, urging them instead to cash out of Bitcoin and MSTR and use the proceeds to buy precious metal-linked stocks.
Schiff made a similar call earlier this month, arguing that Bitcoin’s uptick isn’t a bullish sign but just a “pumper” narrative.
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