Bitcoin has reached a new all-time high of nearly $118,000, prompting various reactions in the market. Peter Schiff, a long-time critic of Bitcoin and proponent of gold, has suggested investors take this opportunity to sell some Bitcoin and purchase silver, claiming silver has greater upside potential and limited downside risk. Other market voices include Arthur Hayes, co-founder of BitMEX, who expressed a slightly bearish outlook due to liquidity concerns linked to US Treasury operations but remains bullish following Bitcoin's record-high. Erald Ghoos, CEO of OKX's European division, views Bitcoin's spike as more than just noise, emphasizing its status as a leading digital macro hedge amidst global trade tensions and shifting liquidity conditions. As institutions increasingly see Bitcoin as a maturing asset class, the market anticipates further tests in July, with many expressing optimism about Bitcoin's trajectory.

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