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Peter Schiff's prediction on silver and bitcoin markets

2 min read
Elena Novikova
Peter Schiff's prediction on silver and bitcoin markets

Key Takeaways

  • 1 Peter Schiff said silver’s surge would precede a collapse in bitcoin.
  • 2 Silver’s March futures climbed over 53% and reached record prices above $111.27.
  • 3 Gold crossed the $5,000 mark, with March futures as high as $5,093.90.
  • 4 Bitcoin has been moving sideways and has failed to break above $100,000 this year.

Peter Schiff predicted silver's rise would precipitate bitcoin's decline. Silver jumped over 53% to above $111.27 while gold topped $5,000 and bitcoin remains below $100,000.

Peter Schiff, a longtime proponent of precious metals, reiterated his view that silver’s dramatic rise will have the opposite effect on bitcoin, potentially precipitating a sharp decline in the crypto. His statement — “What’s happening with silver is about to happen with Bitcoin, only in reverse. Silver’s spectacular rise will usher in Bitcoin’s catastrophic collapse. Don’t say I didn’t warn you.” — was posted on social media amid recent market moves. Those moves include a steep climb in silver futures and a notable milestone for gold, while bitcoin has continued to trade sideways below the $100,000 level.

Peter Schiff's Prediction on Silver and Bitcoin

Schiff is known for advocating precious metals over cryptocurrencies and has repeatedly predicted a strong metals market alongside stagnating bitcoin prices. In his recent post he framed silver’s rally as a harbinger of bitcoin’s undoing, urging holders to consider the shift. He also criticized bitcoin holders who did not convert to silver earlier, saying they missed significant gains.

Silver's Recent Performance

Silver has moved sharply higher year to date, with March futures climbing over 53% and reaching record levels above $111.27 during a session noted in market reports. Prices later eased but remained elevated, and the rally drew attention across trading venues, including premiums reported in Shanghai. For more on earlier price forecasts and context around silver passing the $100 level, see silver over $100.

Gold's Milestone

Gold also reached a new milestone, crossing the $5,000 mark for the first time, with March futures trading as high as $5,093.90 in the same reporting session. That advance has contributed to the narrative that precious metals are leading market moves this period, reinforcing views held by advocates like Schiff. Coverage of broader precious-metals forecasts provides additional background on these moves and market expectations.

Bitcoin's Performance

Bitcoin has not suffered a catastrophic collapse but has traded sideways and failed to climb above the $100,000 level this year, according to market commentary. The cryptocurrency’s muted price action persisted even amid notable public support from political figures, which has kept regulation and policy discussions in focus. For a direct comparison of bitcoin versus metals in purchasing power and returns, see Bitcoin vs silver and gold.

Почему это важно

Если вы майните в России, основное влияние этих новостей — на восприятие рынка и возможные колебания цен на BTC, которые напрямую влияют на доходность майнинга. При этом рост цен на серебро и золото сам по себе не меняет технико-экономические параметры вашего рига, но может сместить внимание инвесторов и ликвидность между активами.

Что делать?

  • Проверьте текущую рентабельность майнинга при существующих ценах на BTC и тарифах на электроэнергию; не делайте резких решений лишь по публикациям в соцсетях.
  • Поддерживайте оборудование в рабочем состоянии: следите за охлаждением, обновлениями прошивки и учётом затрат, чтобы сохранять маржу при волатильности.
  • Если вы держите BTC, принимайте решения на основе собственной точки без паники — изучите альтернативы и возможности фиксации прибыли, учитывая налоги и издержки перевода в другие активы.

Frequently Asked Questions

What did Peter Schiff predict about silver and bitcoin?

Schiff stated that silver’s spectacular rise will precede bitcoin’s collapse, writing that what’s happening with silver will happen to bitcoin in reverse.

How much has silver moved recently?

Silver’s March futures climbed over 53% year to date and reached record prices above $111.27 during a noted session.

What milestone did gold reach?

Gold crossed the $5,000 mark for the first time, with March futures trading as high as $5,093.90.

How is bitcoin performing compared to metals?

Bitcoin has been moving sideways and has failed to break above the $100,000 level this year, according to market reports.

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