Peter Schiff warns Bitcoin could reverse as silver’s historic rally accelerates
The post Peter Schiff warns Bitcoin could reverse as silver’s historic rally accelerates appeared on BitcoinEthereumNews.com.
Peter Schiff, a famous financial commentator, stockbroker, and gold advocate known for being a staunch critic and vocal opponent of Bitcoin and cryptocurrencies, recently sparked tension in the crypto industry after issuing a warning regarding BTC immediately after reports highlighted that silver’s price encountered a substantial rise. Following his warning, Schiff expressed his belief that the cryptocurrency would face the reverse effect of silver’s surge. According to him, any adjustments could occur swiftly, as market downturns often accelerate under stress. This statement came after the prices of silver increased significantly in one day, boosting the metal to a record level above $79 per ounce, marking the first time in history. Silver’s surge prompts Schiff to issue a warning regarding Bitcoin Concerning Schiff’s warning, reliable sources reveal that the prominent financial expert shared an X post offering his insights at a time when investors witnessed silver rise by more than 10% in a short period. To clearly explain the situation, market data indicate that this rally pushed silver from a level of $78 to approximately $79 in about ninety minutes. The increase drew the attention of several individuals globally, as the metal had been demonstrating a steady rise for several months. Moreover, a TradingView chart showed a sharp breakout as the price surged to a new historical peak. Meanwhile, it is worth noting that silver’s surge had also played a crucial role in the metal ecosystem by improving the overall market sentiment towards metal assets. Interestingly, the substantial performance of tokenized commodities supported by cryptocurrency illustrates this trend, as reports pointed out that their total value nears $4 billion. This finding indicates that several investors prefer alternative assets. On the other hand, data from CompaniesMarketCap revealed Silver’s recent efforts to narrow the gap with NVIDIA in overall market value. This move…
Filed under: News - @ December 28, 2025 2:15 am