Peter Schiff is once again making headlines in the crypto space, this time urging investors to consider moving out of Ethereum and into Bitcoin.
Despite ETH climbing to a multi-month high of over $3,700, Schiff remains unimpressed.
According to the gold advocate, Ethereum’s rise is likely just a temporary bounce within a broader downtrend when compared to Bitcoin. He cited technical chart signals to back his claim, adding that Ether’s long-term potential is limited by increasing competition and an eroding narrative.
Schiff’s remarks come just as ETH surged 25% in a week, driven by strong inflows into spot ETFs and institutional accumulation. Companies like BitMine and SharpLink have recently added the asset to their treasuries, further fueling momentum.
While Schiff remains critical of crypto overall, he argued that Bitcoin offers better upside than Ethereum at this point—drawing mixed reactions across the crypto community.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/ethereums-rally-is-a-good-time-to-switch-to-bitcoin-peter-schiff/