Why economist Peter Schiff is recommending selling Ethereum to buy Bitcoin

American economist Peter Schiff is urging investors with exposure to cryptocurrencies to consider selling Ethereum (ETH) and reallocating funds into Bitcoin (BTC). It’s worth noting that Schiff has long been a critic of cryptocurrencies, particularly Bitcoin, arguing the asset has no intrinsic value and consistently advocating for gold instead. Schiff pointed out that Ethereum is trading near the top of its range, making it, in his view, an ideal time to sell. He believes the recent upswing is more likely a bear market rally than a sustained recovery, he said in an X post on July 21 source: https://finbold.com/why-economist-peter-schiff-is-recommending-selling-ethereum-to-buy-bitcoin/