Bitcoin critic Peter Schiff is once again sounding the alarm, telling investors to sell Bitcoin (BTC) and purchase silver.

These comments come as the flagship cryptocurrency surged past $118,000, achieving a new all-time high.

Schiff’s Comments

In a July 10 post on X, Schiff urged BTC holders to cash in their stash and turn to silver before the metal’s next upward price movement.

“With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up,” he said.

The leading crypto asset by market cap saw its price hit $118,254, marking yet another record high in 2025. Following this, the economist explained that BTC can easily crash while silver offers a more stable and undervalued alternative. He further compared the two assets, stating that silver was trading back above $37 and up almost 2% on the day, while BTC’s new high is speculative and overextended.

The precious metals proponent emphasized that silver mining stocks remain underpriced despite the upward movement, suggesting the market hasn’t yet factored in their momentum. According to him, once silver breaks past the $40 level, it could accelerate quickly toward $50. He also thinks that mining stocks would catch up once this happens.

Despite his warnings, BTC is still ahead of silver in terms of market value. It currently ranks sixth among global assets with a market cap of $2.20 trillion, just ahead of Google, with silver coming in at $2.007 trillion.

The digital asset’s price has also continued to rally, driven by strong ETF inflows, growing corporate adoption by crypto-focused treasury firms, and an increasingly supportive regulatory environment.

Crypto Community Remains Unconvinced

Crypto supporters were quick to respond to Schiff’s latest commentary, with most not buying what he was selling. Their responses to his X post ranged from people asserting they would not dispose of their BTC for silver to others referencing the apparent folly of his previous remarks.

One X user highlighted how the gold bug’s sentiment had gone from “Bitcoin will never hit 100k” to “even if Bitcoin keeps rising for a while…” Others pointed out the flaw in his logic, claiming that the cryptocurrency had clearly outperformed the metal.

It’s not the first time Schiff has fired broadsides at Bitcoin. In the past, he has advised traders to sell all of their BTC in favor of gold mining stocks, claiming that it is a risky asset. The financial commentator is an invested critic of the digital asset, often calling it speculative and without intrinsic value, while asserting that it will collapse someday if a major economic crisis hits

TL;DR

• BTC reached a new historic peak, with indicators signaling more upside potential.
• XRP confirmed a multi-year triangle breakout, while analysts predict a push to $3 or a fresh ATH.
• ETH climbed over 20% in a week, with some industry participants envisioning a pump to $4,000.

First Time in History

The primary cryptocurrency remains on the crest of the wave, with its price exploding to a new all-time high of over $118,000 just a few hours ago. Moreover, several indicators suggest that bitcoin (BTC) has more room for growth.

During previous peaks in 2024, for instance, the asset’s Market Value to Realized Value (MVRV) ratio spiked beyond 2.7, while it currently stands at around 2.35.

Furthermore, CryptoQuant revealed that the short-term holder spent output profit ratio (SOPR) does not show signs of “aggressive” profit-taking, resulting in minimal sell pressure from such investors. 

The diminishing amount of BTC stored on crypto exchanges also indicates a similar thing. Over the last several months, investors have gradually shifted assets from centralized platforms to self-custody methods, as shown in the chart below.

Somewhat expected, the crypto community is full of members envisioning further gains for BTC. X user Captain Faibik claimed the bulls are “in complete control,” predicting a rise to $126,000. 

OxNobler, who previously forecasted that the “real bull run” would start on July 10, thinks the “super-cycle is here” and argued that the valuation could explode to $300,000.

XRP Pumping, too

Ripple’s cross-border token has followed the green wave in the crypto market, rising to a two-month high of $2.60. Furthermore, its price appears to have confirmed a breakout from a multi-year symmetrical triangle that formed between 2018 and 2024, which could be a precursor to additional solid gains. 

X user Cryptoinsightuk assumed that a rise above the resistance level of $2.60 could open the door to an ascent toward $3 and then a new all-time high. 

At the same time, though, investors should keep an eye on some important metrics that suggest a short-term correction is not out of the cards. An example is XRP’s Relative Strength Index (RSI), which has soared to 85, or extremely overbought territory. 

How About ETH?

The world’s largest altcoin has posted an impressive price increase of almost 20% over the past week, currently trading well above $3,000.

According to numerous analysts, the rally is far from being over. X user Cipher X does not expect any “major correction” until $3,300-$3,400, whereas Ted suggested that ETH’s next stop is $4,000.

However, there are also some warning signals. As CryptoPotato reported, the Ethereum Foundation offloaded 1,210 ETH for 3.5 million USDC at an average price of approximately $2,890. The entity’s past sell-offs have become part of crypto’s folklore, with some noting that these actions have often preceded notable price pullbacks.

There have been exceptions, of course. In November of last year, the Ethereum Foundation initiated another selling spree, but the asset’s price continued its uptrend and topped $4,000 in December. 

TL;DR

• Cardano allocates $15M to adoption, partnering with NASA, FC Barcelona, and the UNDP in 2024.
• ADA gains 23% weekly as bullish momentum builds and traders eye $0.86 and $1.32 resistance levels.
• Whales acquire 120M ADA amid rising ETF approval odds, now at 89% per Polymarket data.

Cardano Foundation Boosts Spending in 2024

Cardano Foundation, a non-profit supporting the Cardano blockchain, reported spending $22.1 million across its core areas last year. This marks a 15% increase from 2023, when the foundation spent $19.22 million. 

The spending was directed toward adoption, operational resilience, and education, according to a report available via the Reeve on-chain tool.

More than half of the 2024 budget $15 million, was allocated to adoption efforts. These included partnerships with global organizations such as NASA, FC Barcelona, and the United Nations Development Programme. The goal was to drive real-world use cases of the Cardano network through these collaborations.

ADA Sees Price Increase Amid Bullish Momentum

Cardano (ADA) was trading at $0.72 at press time, with a 24-hour trading volume of $1.5 billion. The token has gained 15% in the past day and 23% over the last seven days. This growth follows a broader trend of rising interest in ADA, especially after the foundation’s reported increase in ecosystem investment.

Interestingly, technical analysts have raised the probability of a bullish reversal to 40%, suggesting that the correction phase may be over. For this scenario to unfold, ADA must break above resistance at $0.86. A further move above $1.32 would confirm the next upward wave, signaling a continuation of the current trend.

Ali Martinez also weighed in on the matter, indicating that ADA is currently sitting at the bottom of a parallel channel. The last time something similar occurred, the asset’s price flew by over 50%, as it happened in April.

Whales Accumulate ADA as ETF Hopes Grow

As CryptoPotato recently reported, large investors holding between one and ten million ADA acquired 120 million tokens in the past two weeks. This purchase amounts to over $71 million, bringing their total holdings to 5.57 billion ADA—about 15.4% of the total circulating supply.

Market attention is also on a potential spot ADA ETF in the United States. If approved, the product would offer traditional investors exposure to ADA through regulated brokerage platforms. Polymarket data shows the approval odds have increased from 56% in early July to 89% as of now.

However, while momentum builds, key price levels remain in focus. A break above $0.86 would strengthen the bullish case. The $1.32 mark is being monitored as the next resistance level. On the downside, support is expected near $0.31 if a pullback occurs.