Critics are warning, and bulls have reloaded.

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,” “Schiff said on a Thursday X post Bitcoin (« Bitcoin ») is a cryptocurrency.BTCThe moon boot was put back on. set new highs above $112,000.

The silver price has greater upside potential, according to him. “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 was optimistic after Bitcoin hit a record high. Ether (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 have a significant role to play

Hayes stated that market participants believe US President Donald Trump to be the next US president “chicken out” On the tariffs. He added that Maelstrom family office is prepared to enter the market.

Erald Ghoos also claimed that Bitcoin surged to new heights. “isn’t just noise, it reflects its emergence as the ultimate digital macro hedge.” Then 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

Bitcoin’s all-time highest price

Bitcoin, which had just surpassed $112,000 and reached an all-time record on Thursday, prompted the reaction. Bitcoin’s value was almost $118,000 at the time this article was written, after its price rose by about 6% within the last 24-hours.

OKX CEO Roshan R. Roberts 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 concluded.”

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