#TrendTradingStrategy

In his firm stance against cryptocurrencies, Schiff made 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 provide a fundamental business model.

Schiff stated in his message: "The logic behind Bitcoin or Ethereum treasury companies is to exploit naive investors willing to buy shares of companies that do not have a real business model at inflated prices." He added that those who seek 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.