Peter Schiff, a longstanding critic of Bitcoin and an advocate for gold, has suggested that this is a prime opportunity for investors to sell Bitcoin and invest in silver, especially with Bitcoin's price reaching new heights above $112,000. He argues that silver holds more potential for significant gains compared to Bitcoin, which he believes is prone to sharp crashes. Schiff's commentary comes alongside observations from Arthur Hayes, who noted bearish sentiments in the market due to liquidity concerns related to U.S. Treasury actions. In broader market updates, Bitcoin is positioned at $117,967, with Ethereum at $2,962, amid a total market capitalization of $3.68 trillion. The article also highlights significant price movements in altcoins, with MemeCore leading weekly gains. Additionally, Snoop Dogg's recent success in selling out a collection of nearly one million NFTs reinforces ongoing interest in this sector, countering narratives that NFTs are declining in relevance.

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