Today, Bitcoin hit a new all-time high, yet prominent American stockbroker Peter Schiff is not impressed. He continues to criticize the cryptocurrency, urging investors to consider selling Bitcoin and switching to silver.
Peter Schiff's Opinion on Bitcoin
Schiff believes Bitcoin is a risky investment, while silver offers greater potential upside with minimal downside. He expressed his stance on Twitter:
> "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. Even if Bitcoin keeps rising for a while, silver should rise much more. And while Bitcoin can easily crash, silver's downside seems very limited."
— Peter Schiff (@PeterSchiff) July 10, 2025.
Rising Corporate Interest in Cryptocurrency
Despite Schiff's concerns, corporate adoption of cryptocurrencies is heating up. Over 100 public companies now hold Bitcoin, with BlackRock and MicroStrategy leading the charge, controlling nearly 1.3 million BTC—roughly 6% of the total supply. Meanwhile, Japanese firm Remixpoint raised $215 million to buy more Bitcoin.
Concerns About Cryptocurrency Regulation
Senator Elizabeth Warren has once again emphasized the need for stronger oversight in the cryptocurrency markets. She expressed concerns regarding Republican initiatives that could undermine financial protections, highlighting the necessity of maintaining traditional financial regulations to avoid market chaos.
Peter Schiff's opinions on Bitcoin and silver draw attention amid rising corporate adoption of cryptocurrencies. Regulatory concerns also remain significant in light of new initiatives and market changes.
