Critics are warning, and bulls are reloading.

Peter Schiff, a longtime Bitcoin critic who also advocates gold, said that the recent BTC rally could be an opportunity to sell BTC and buy silver.

“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,” In a statement on Thursday, Schiff stated that X post Bitcoins (also known as Bitcoins) are a digital currency.BTC( ) puts on its Moon Boots again set new highs above $112,000.

Silver has a greater upside than Bitcoin, he said. “can easily crash, silver’s downside seems very limited.”

Arthur Hayes (co-founder of BitMEX) also commented on the market in a Friday article. post. He told me he had been. “slightly bearish” The US Treasury General Account is being replenished by new debt, which may temporarily drain the liquidity.

Hayes, however, said that he remains bullish despite the fact that Bitcoin has reached an all-time record and Ether is (ETHThe march to the top began:

“[Ether] will outperform, get ready for a monster [altcoin season.]”

Related: Bitcoin supply is shrinking: Will Saylor’s relentless BTC buying cause a supply shock?

Tariffs are important

Hayes said that the market is convinced Donald Trump, US president will be elected. “chicken out” On the tariffs. He added that Maelstrom family office is prepared to enter the market.

Erald Ghoos is the European head of OKX’s crypto exchange. He also stated that Bitcoin has reached new heights. “isn’t just noise, it reflects its emergence as the ultimate digital macro hedge.” “He added”

“Amid rising global trade tensions, looming tariffs and a policy‑driven liquidity backdrop, institutions […] are treating BTC like a form of digital gold. With volatility at decade‑low levels and strategic ETF inflows accelerating, July is shaping up to be a defining moment.”

Related: Bitcoin, Ether ETFs clock second-biggest day of inflows on record

Bitcoins’ new record high

Bitcoin reached a new record high of $112,000 on Thursday. Bitcoin was trading at around $118,000 as of the writing. Its price had risen by 6% in the past 24 hours.

Roshan Robert, CEO of OKX, said: “Bitcoin is showing why it’s in a class of its own.” Robert says that institutions treat Bitcoin as an asset class maturing and a hedge against macro-economic risks, even though ongoing trade tensions are escalating and altcoins continue to struggle.

“July will test markets, but Bitcoin looks built for it,” He said.

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