#DayTradingStrategy

In his firm stance against cryptocurrencies, Schiff issued a statement after Bitcoin reached its 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.

In his statement, Schiff said: "The logic behind Bitcoin or Ethereum treasury companies is to exploit naive investors willing to buy shares in companies that do not have a real business model at inflated prices." He added that those looking to profit from this speculation are "foolish as well."

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