Today in Crypto, Bitcoin’s latest rally has led to a reaction from gold bug Peter Schiff, who is urging a silver switch, new research from Vaneck suggests Bitcoin mining executive Republican Push to advance many digital asset bills.
Peter Schiff said to sell Bitcoin for silver while BTC has dropped new highs
Longtime Bitcoin Critic and Gold Advocate Peter Schiff said the latest BTC rally Can be a sale 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.)”
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.
Investors are wrapped in “excess” Bitcoin Miner Exec Pay: Vaneck
The US Bitcoin Mining Executives earned more than their peers in the IT and energy sectors due to generous stock payments, and shareholders fought, according to new findings from asset manager Vaneck.
Despite the “aggressive payments packages,” Bitcoin’s mining shareholders are “balking,” head of Vaneck’s Digital Assets Research Mateo Sigel and Investment Analyst Nathan Frankovitz reported on Thursday.
Researchers have found that the average approved shareholder for executive pay packages is only 64% compared to nearly 90% for the S&P 500 and Russell 3000 companies.
“That skepticism appears to be well established. Mining executives continue to give themselves over the excessive equity awards that release shareholders unable to rely on pay to long-term value creation,” they added.
Researchers reviewed the executive payments all eight listed on US Bitcoin miners: Bit Digital, Cipher Mining, Cleanspark, Core Scientific, Hut 8, Mara Holdings, Riot platform and Terawulf.
US lawmakers focus on crypto tax policy
Members of the United States House of Representative are Hear the Crypto tax policy Next week, as part of a greater GOP effort to advance various crypto -related fees.
The House Committee on Ways and Means and the Oversight Committee scheduled hearing for July 16. Lawmakers plan to discuss the “proof steps needed to put a tax policy outline on digital possessions.” The event was called the “assured digital asset policy built for the 21st century.”
Source: Chamber Committee in Chamber and US way
The notice is not specified which witnesses will testify. Earlier this week, Ripple CEO Brad Garlinghouse, Chainalysis CEO Jonathan Levin and Blockchain Association CEO Summer Mersinger testified at a Senate banking committee hearing in the market structural law.
Earlier this month, Wyoming Senator Cynthia Lummis The law was introduced It aims to eliminate double taxation for crypto miners and stakers, but the proposal has not made it to the final amendments to President Trump’s budget bill.
