Peter Schiff commented on the latest price fluctuations of Bitcoin and Ethereum, reaffirming his preference for BTC. The economist and gold advocate stated that Ether has recorded gains since he advised investors to switch their holdings from ETH to Bitcoin.
He noted that the switch performed well until the Ethereum rally at the end of last week. Schiff added that he is not interested in owning any of the cryptocurrencies, but would choose Bitcoin if he were forced to.
Ethereum has continued to show bullish activity in the last trading sessions after breaking the $4000 barrier and recording a new high in 2025. Whale transactions and increased derivative action have helped support the rally.
Its trading volume and open interest have also increased, indicating greater speculative interest. All of this has contributed to the short-term strength of the ETH price. Additionally, it has outperformed Bitcoin in gains over the last week.
However, BTC remains the leading cryptocurrency by market capitalization and the most popular among institutions. It has stayed above $100,000 following new investments in spot BTC ETFs and demand from corporate treasuries.