Gold tycoon Schiff strikes again: Selling precious metals to buy BTC is a big mistake, but the market is flooding in crazily

Renowned gold advocate and Bitcoin skeptic Peter Schiff(Peter Schiff) recently issued a warning again, stating that investors selling gold at its all-time high to pursue a rebound in Bitcoin and MicroStrategy(MSTR) is a major mistake. However, the market’s actual performance seems to tell a different story.

Schiff’s Warning: Concerns Over Profit Shifting

Core Viewpoint

Schiff believes that traders have made a strategic error. His reasoning is as follows:

• Precious metals and their mining stocks are at historical highs, allowing investors to realize profits
• These profits have been transferred into crypto assets like Bitcoin ETFs and MSTR
• This transfer process constitutes a “massive pump-and-dump scheme”
• Selling high-priced metals to chase crypto rebounds is a mistake

Schiff’s Background

As a long-time gold advocate, Schiff has always been skeptical of cryptocurrencies. He often emphasizes the value of physical assets, arguing that digital assets lack real backing. This warning continues his consistent stance.

Market Reality: Data Speaks

After Schiff’s warning, what kind of response has the market given?

BTC Price Performance

According to the latest data, Bitcoin has shown significant short-term upward momentum:

Currently, BTC is priced at $96,751.33, slightly below the $97,000 level touched earlier, but the overall trend remains upward.

True Signal of Institutional Demand

More telling is the movement of institutional funds. The US spot Bitcoin ETF has attracted over $1 billion in net inflows within just three days, which is not retail excitement but institutional-level capital entering the market.

These data indicate that regardless of Schiff’s evaluation, market participants (especially institutional investors) do not seem to agree with his “pump-and-dump scheme” judgment.

The Value of Different Perspectives

Why Consider Schiff’s Viewpoint

Schiff’s warning has its reference value:

• Reminds investors to be cautious of chasing gains excessively
• Offers observations on profit transfer phenomena
• Emphasizes the importance of risk management

Insights from Market Reality

Meanwhile, the market’s performance is also worth noting:

• Continuous inflow of institutional funds indicates genuine demand
• Bitcoin’s market cap share has reached 59.23%, showing high market acceptance
• 24-hour trading volume exceeds $5.9 billion, indicating ample liquidity

Summary

Schiff’s warning represents the voice of traditional finance and precious metals advocates; his concerns are not unfounded. However, the market’s actual performance and institutional fund movements suggest that demand for Bitcoin is real, not the “scheme” he describes.

This phenomenon reflects a current state in the investment world: supporters of different asset classes hold divergent views, while market participants make choices based on their own judgment. For investors, it is important to heed professional warnings but also observe actual market performance to make more rational decisions.