{"id":5969,"date":"2025-07-23T04:11:08","date_gmt":"2025-07-23T04:11:08","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/aesell-ethereum-buy-bitcoinae-peter-schiff-makes-surprising-crypto-call\/"},"modified":"2025-07-23T04:11:08","modified_gmt":"2025-07-23T04:11:08","slug":"aesell-ethereum-buy-bitcoinae-peter-schiff-makes-surprising-crypto-call","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/aesell-ethereum-buy-bitcoinae-peter-schiff-makes-surprising-crypto-call\/","title":{"rendered":"\u2018Sell Ethereum, Buy Bitcoin\u2019: Peter Schiff Makes Surprising Crypto Call"},"content":{"rendered":"

In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate Peter Schiff urged holders of Ethereum (ETH) to exit while prices hover \u201cnear the upper end of its trading range.\u201d \u201cIf you own any, this is a great time to sell,\u201d he wrote<\/a>, adding that\u2014painful though it was for him to admit\u2014flipping the proceeds into Bitcoin \u201cis a better trade than holding Ether.\u201d<\/p>\n

Sell Ethereum, Buy Bitcoin<\/h2>\n

Schiff doubled down when quizzed by followers. \u201cIt\u2019s not [better] as far as I\u2019m concerned. I\u2019m just looking at the charts,\u201d he replied, arguing that Ethereum\u2019s narrative faces \u201cmore acknowledged competition\u201d than Bitcoin\u2019s digital-gold storyline.<\/p>\n

At pixel time Ether changes hands at roughly $3,650 while Bitcoin trades just above $118,000, putting the ETH\/BTC ratio near 0.031\u2014toward the lower half of its five-year range.<\/p>\n

Schiff contends the ratio\u2019s weakness reflects a structural bear market for Ether against Bitcoin. \u201cI think Ether is in a bear market in terms of Bitcoin, and I think it just had a bear-market rally,\u201d he told one user who pressed him for fundamentals, concluding: \u201cSo if you want to own crypto, selling Ether to buy Bitcoin makes sense.\u201d<\/p>\n

Not everyone was persuaded. Veteran cycle watcher TechDev responded drily, \u201cThank you for your service sir,\u201d reposting Schiff\u2019s February \u201cparty is over\u201d call that preceded Bitcoin\u2019s spring rally.<\/p>\n

A Familiar Refrain\u2014And A familiar Outcome<\/h2>\n

Schiff\u2019s latest chart-based admonition follows a string of bearish milestones that have mis-timed every major leg of Bitcoin\u2019s secular advance. On 25 February he declared, \u201cTurn out the lights, the #Bitcoin 100K party is over\u2026 the bear market is just getting started.\u201d Less than five months later, Bitcoin still hovers comfortably above $118,000.<\/p>\n

Only a month after that February warning he predicted a full-blown crash to $10,000 once gold reaches $5,000, reasoning that Bitcoin would capitulate \u201c95 % from its 2021 peak.\u201d In late 2023 he ran a Twitter poll and concluded\u2014contrary to the vote\u2014that Bitcoin would \u201ccrash before the ETF launch.\u201d Spot ETFs were approved in January 2024; Bitcoin never looked back.<\/p>\n

Back in November 2018, with Bitcoin trading at $3,800, he insisted it could \u201ceasily drop another 80 % from here, and at $750 it would still be expensive.\u201d The rest is history.<\/p>\n

Now, Schiff argues that Ethereum\u2019s smart-contract dominance is eroding as Layer-1 competitors gain mind-share and as regulators inch toward approving other altcoin spot ETFs.<\/p>\n

Whether the latest call joins the growing archive of ill-timed bearishness will turn on the ETH\/BTC cross. If altcoin rotation doesn\u2019t continue, Schiff may finally chalk up a win; if the ratio rolls over, his chart-reading case for a relative trade into Bitcoin will be vindicated even as his absolute bear thesis remains unproven. For now, the market is reserving judgment.<\/p>\n

At press time, Ether traded at $3,677.<\/p>\n

\"Ethereum<\/p>\n","protected":false},"excerpt":{"rendered":"

In a fresh post to X on 21 July, long-time cryptoc sceptic and gold advocate Peter Schiff urged holders of Ethereum (ETH) to exit while prices hover \u201cnear the upper end of its trading range.\u201d \u201cIf you own any, this is a great time to sell,\u201d he wrote, adding that\u2014painful though it was for him…<\/p>\n","protected":false},"author":1,"featured_media":5970,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[61],"tags":[65,111,73,72,138,343,102,232],"class_list":["post-5969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-market-news","tag-bitcoin","tag-bitcoin-news","tag-btc","tag-cryptocurrency-market-news","tag-eth","tag-ether","tag-ethereum","tag-ethereum-news"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=5969"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/5969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/5970"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=5969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=5969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=5969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}