Bitcoin Investors Should Sell Now, Warns Peter Schiff, Calls Out Wikipedia For ‘Defamatory’ Claims

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Key TakeawaysSchiff urges Bitcoin holders to sell above $90,000.Economist remains bullish on precious metals despite volatility.Schiff accused Wikipedia of publishing false and defamatory claims on his biography page.Veteran gold advocate and longtime crypto critic Peter Schiff urged investors to sell Bitcoin as it climbed back above $90,000 on Monday, arguing the rally offered another opportunity to exit the market.The comments followed a public accusation by the economist that Wikipedia was publishing “false and defamatory” statements about him.Schiff made the heavy claims that Wikipedia’s editors “cover up government crimes” and spread “false information to advance a radical left-wing agenda.”On Monday, Schiff took to X to once again urge anyone holding Bitcoin to sell, despite the market’s price jumping above $90,000.“Bitcoin is back above $90,000. Another opportunity to sell,” Schiff wrote, reiterating his long-held view that BTC lacks intrinsic value.Responding to a user who argued that Bitcoin and Gold represent the same macro trade, Schiff pushed back, saying the two assets behave very differently.“Actually they are the opposite trade,” he wrote, adding that the correlation between gold and Bitcoin is negative.Schiff also used the holiday period to restate his bearish stance.On Boxing Day, he wrote: “Merry Christmas, HODLers. Santa gave you guys a Christmas gift after all—a Bitcoin rally to sell into.”Schiff has repeatedly pushed his belief that Gold and Silver are real stores of value, while Bitcoin and other cryptocurrencies are nothing more than a “ponzi scheme.”As always, Schiff continued his bullish rhetoric around precious metals.On Sunday, Dec. 28, silver’s price per ounce hit $84, representing a 170% increase year-to-date.As a result, the precious metal market cap surged above that of NVIDIA, becoming the second most valuable asset in the world behind gold.“Well that didn’t take long,” Schiff wrote after a sharp drop in silver prices on Monday.As prices continued to slide, Schiff updated his view again, suggesting silver was approaching potential support levels.He later added that despite its recent volatility, silver had found its stable recovery section.“This historic bull market still has a long way to run,” he wrote.Despite the sell-off, some analysts say silver’s broader technical structure remains intact.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,963.50 -15.75 (-0.23%)Dow Futures49,013.00 +15.00 (+0.03%)Nasdaq Futures25,752.50 -110.75 (-0.43%)Russell 2000 Futures2,552.00 +0.60 (+0.02%)VIX14.78 +1.18 (+8.68%)Gold4,490.10 -62.60 (-1.38%)Trending tickersBTC-USD Bitcoin USD 87,874.71 -1.14 (-0.00%)FTEL Fitell Corporation 0.7299 +0.0499 (+7.34%)ETH-USD Ethereum USD 2,969.48 +29.46 (+1.00%)DTCK Davis Commodities Limited 0.3951 +0.1572 (+66.08%)NOVO-B.CO Novo Nordisk A/S 327.50 -4.05 (-1.22%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)ZETA Zeta Global Holdings Corp. 20.70 +1.59 (+8.32%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.10 +0.19 (+3.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events