#SpotVSFuturesStrategy

In his firm stance against cryptocurrencies, Schiff made a statement after Bitcoin reached an all-time high of $113,833 today.

Schiff warned investors who saw this rise as an opportunity, pointing out that Bitcoin does not offer a fundamental business model.

Schiff stated in his statement: "The logic behind Bitcoin or Ethereum treasury companies is to exploit naïve investors willing to buy shares of companies that do not have a real business model at inflated prices." He added that those seeking to profit from this speculation are "fools as well."

The renowned economist claimed that these levels are the perfect time to sell Bitcoin and buy.