#ArbitrageTradingStrategy

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 viewed this surge as an opportunity, noting 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 naive investors eager to buy shares in 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 famous economist claimed that these levels are the perfect time to sell Bitcoin and buy.