Peter Schiff Like Bitcoin Pass Ethereum Even Though ETH Rally
Peter Schiff we economist wey dey push gold don yan again say im prefer Bitcoin pass Ethereum even though Ethereum price don shoot to about $4,200 plus e get strong flow enter Ethereum ETFs. E talk say e no hold any of the digital assets but e go choose Bitcoin for im long-term stability and predictability, different from how Ethereum dey volatile. Schiff also talk say Michael Saylor’s MicroStrategy for strong if e bin dey put some gold join im Bitcoin buying. This one happen as Bitcoin market dominance drop to 59.1% and Ethereum climb to 13%, with institutional money of $461 million flow enter Ethereum ETFs compared to $403.9 million for Bitcoin ETFs. Traders suppose watch how Schiff support go affect Bitcoin feel and price moves, even as Ethereum and other altcoins still dey attract capital.
Bullish
Peter Schiff public support for Bitcoin over Ethereum during ETH price surge and strong ETF inflows fit likely go boost Bitcoin sentiment, make light longer term and short term bullish momentum. E dey emphasize Bitcoin predictability and stability go fit attract investors wey no like risk, while e show say Ethereum volatility fit make ETH price gains dey low key. Historical cases show say when big people support Bitcoin, e fit trigger immediate buying pressure, and Schiff, wey dey push gold, dey underline defensive investment approach wey match Bitcoin store-of-value story. For extended time, steady institutional inflows to Ethereum ETFs fit still support ETH, but Schiff stance go reinforce Bitcoin dominancy, and fit ignite capital rotation wey go also favor BTC.