Bitcoin hits $ 118k: Critics warn, Bulls reload

Bitcoin’s long -standing critic and gold advocate Peter Schiff said the latest BTC rally could be a sales opportunity for investors to buy silver instead.
“With bitcoin hitting new highs today (in dollars), it’s a good time to sell some and buy silver leading to the next big leg up of silver,” Schiff said on a Thursday X post As bitcoin (Btc) put the boots of its moon again and Set new highs high of $ 112,000.
He admitted that silver had more reversed potential than Bitcoin and added that while the BTC was “easy to crash, Silver’s fall seemed limited.”
Arthur Hayes, Bitmex’s co-founder, also weighs in market conditions on a Friday X Post. He said he was “slightly bearish” because of the US Treasury General Account that was being replenished by a new debt release, which could temporarily drain the liquidity.
However, Hayes said he was bullish after Bitcoin reached a new all-time high and ether (Eth) went on a march upward:
“(Ether) will come out, prepare for a monster (Altcoin period.)”
Related: Bitcoin’s supply is retreating: Is the relentless BTC purchase caused by a shock of supply?
Tariffs have a paper
Hayes added that the market believes US President Donald Trump is “chicken out” on tariffs, adding that his family office fund, Maelstrom, is ready to reinstate the market.
Eald Ghoos, the Europe’s CEO of the Crypto Exchange OKX CEO, also said that Bitcoin’s promotion of new highs “is not just a noise, it reflects its appearance as the ultimate digital macro hedge.” He added:
“In the midst of global trade tensions, tariffs and a policy driven by liquid rear, institutions (…) are treating BTC such as a form of digital gold. With volatility in the decades -low levels and strategic ETF -flowing, July is shaping up to be a moment.”
Related: Bitcoin, Ether ETFS clock second-largest flow day on record
The new full time of bitcoin
The reaction came to the heart of Bitcoin reaching a new all-time high on Thursday, over $ 112,000. At the time of writing, Bitcoin exchanged nearly $ 118,000 after seeing its price rally around 6% in the last 24 hours.
OKX CEO Roshan Robert said “Bitcoin shows why it is in a class of its own.” According to Robert, while ongoing trading tensions were on fire and the Altcoins stumbled, institutions treat Bitcoin as a macro hedge and a highly asset class.
“July will try the markets, but Bitcoin’s appearance is built for it,” he concluded.
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