Peter Schiff, a U.S.-based economist and prominent gold bug, is seeing more potential in bitcoin (BTC), the world’s leading crypto asset, over Ethereum (ETH). Notably, this view is shocking, as Schiff has established a reputation for himself in the U.S. and global financial industries as a critic of bitcoin and cryptocurrencies.
Ether is back near the upper end of its trading range again. If you own any, this is a great time to sell. As much as it pains me to say, selling Ether and buying Bitcoin with the proceeds is a better trade than holding Ether.
— Peter Schiff (@PeterSchiff) July 21, 2025
Peter Schiff Says Sell ETH
Notably, ETH has been on the high side in recent days, soaring in value to yield profits for strategic investors and holders. The coin soared past its five-month high of above $3,800 over the past weekend and has retested the $3,700 range at the time of writing. Indirect investors have scooped up ETH through regulated investment funds.
Amid the ETH rally, Peter Schiff notes that this is the best time to sell ETH and switch to acquiring BTC, which investors have predicted will set new highs this year. He said that this is because, after examining the charts, he noticed that “Ether has more acknowledged competition for the narrative of its use case.”
Meanwhile, BTC reached a new all-time high of over $123,000 last week, turning the crypto market bullish. However, it has retested around $118,500 as investors cashed out their profits while newer investors secured their positions to be part of the further uptrend.
Community Reacts to Schiff
Following his advice via X, many have commented to question his prediction, while a few agree with him. Most notable was a comment from Benjamin Cowen, CEO and founder of the crypto exchange ITC_Crypto. He shared a price chart comparing BTC and ETH, opposing Peter Schiff’s advice and predicting an uptrend for ETH in the near future.
You had 4 years to say that ETH/BTC would bleed and you finally say it after the bleeding is over. pic.twitter.com/DQQ5HJaidu
— Benjamin Cowen (@intocryptoverse) July 21, 2025
Meanwhile, a close examination of the ETH price chart suggests that the cryptocurrency could decline to $3,675 in the coming hours, presenting a favorable opportunity for bullish investors to enter the market. However, if the buying pressure doesn’t persist, it could drop to $3,470.
