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Peter Schiff Advises Selling Bitcoin Today — Says It’s ‘the Smart Move’

Peter Schiff Advises Selling Bitcoin Today — Calls It 'the Smart Move'

Gold bug and economist Peter Schiff has recommended selling bitcoin today, emphasizing that it is “the smart move.” Many people disagreed with Schiff’s analysis of the price of the cryptocurrency, warning that he is telling investors to sell at the bottom.

Peter Schiff’s Bitcoin Advice

Gold bug and economist Peter Schiff has a Christmas message for bitcoin investors. Schiff is the founder and current chairman of Schiffgold, a precious metals dealer specializing in gold and silver bullion. He has long been a bitcoin skeptic, regularly bashing the crypto while promoting gold.

He tweeted Sunday:

My Christmas gift to HODLers is this bitcoin chart. As you can see bitcoin is much closer to its ceiling than its floor. The yellow line that was once support is now resistance. Since the upside potential is so low and downside risk so high, the smart move is to sell today.

While some people thanked Schiff for his advice, many criticized the economist for telling people to sell at the bottom and causing panic selling. “Just one advice for you: write these things when bitcoin is around top (for example around $200K next time) and you just might help someone. Doing this near the bottom doesn’t help. You saw this last time,” one responded to Schiff’s tweet.

Some people took Schiff’s warning as a sign that the bottom is in. A number of people said they just bought more coins since the price of BTC soared after Schiff said to sell in the past. Many people disagreed with Schiff’s BTC price analysis, telling the gold bug to zoom out on the bitcoin chart to see a buy signal. “The bottom is in,” one wrote.

Peter Schiff Advises Selling Bitcoin Today — Says It's 'the Smart Move'

A number of people reminded Schiff that bitcoin has far outperformed gold in the long term. “My Christmas gift to Peter Schiff is this gold chart which compares its performance to bitcoin during the highest period of inflation in a generation,” one detailed.

Peter Schiff Advises Selling Bitcoin Today — Says It's 'the Smart Move'

Many bitcoin investors have accused Schiff of not understanding the cryptocurrency. However, the economist defended his knowledge of BTC in a tweet last week: “The bitcoin HODL gang accuses me of not understanding bitcoin. They think that if I just took the time to learn about the underlying technology I would embrace it.” He claimed:

The truth is that I understand bitcoin much better than the people who own it. That’s the reason I don’t.

Schiff regularly warns about bitcoin. Last week, he cautioned that BTC may not rise when other financial assets rebound. In November, he predicted that bitcoin has a long way to fall, valuing BTC at $10K. He also believes that the U.S. dollar will crash and the Federal Reserve’s actions will lead to a massive financial crisis.

What do you think about the warnings by gold bug Peter Schiff? Let us know in the comments section below.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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