- Peter Schiff urges Ethereum holders to sell and switch to Bitcoin as the ETH/BTC ratio nears a five-year low.
- Despite his bearish stance, Schiff’s past crypto predictions have often been poorly timed.
Longtime crypto skeptic and gold advocate Peter Schiff has once again voiced a bearish outlook on Ethereum (ETH), advising holders to sell while prices remain high. His recent comments have reignited debate around Ethereum’s future, especially as the ETH/BTC ratio hovers near a five-year low.
Peter Schiff Call to Exit Ethereum
In a post on X (formerly Twitter), Schiff urged Ethereum investors to “exit while prices are near the top of the range.” Unlike his usual ideological stance against cryptocurrencies, this time his advice is grounded in technical analysis rather than outright rejection of the asset class. Schiff highlighted that flipping Ethereum into Bitcoin (BTC) is a better trade, citing increased competition Ethereum faces relative to Bitcoin’s enduring “digital gold” narrative.
Currently, Ethereum trades around $3,677, while Bitcoin is priced above $118,000. This places the ETH/BTC ratio at approximately 0.031, near the bottom of its five-year range between 0.030 and 0.085. Schiff interprets this as a sign of a structural bear market for Ethereum versus Bitcoin, suggesting that selling ETH to buy BTC “makes sense” under these conditions.
A Pattern of Bearish Predictions with Mixed Results
Peter Schiff’s crypto calls have often been poorly timed. Over the years, he has repeatedly underestimated Bitcoin’s strength:
- In February 2024, he declared Bitcoin’s $100K rally was over, but BTC rose to over $118K.
- In March 2024, he predicted Bitcoin would crash to $10K after gold hit $5,000 — a move that never materialized.
- In late 2023, he expected Bitcoin to fall before spot ETF approvals; instead, Bitcoin rallied strongly after January 2024 ETFs launch.
- Back in 2018, Schiff forecasted Bitcoin would drop to $750, but it instead went on a multi-year bull run.
Despite his consistent gold-focused philosophy, Schiff’s bearish crypto calls have often been dismissed by the market as contrarian noise.
Ethereum Faces Rising Competition
Ethereum’s pioneering role in smart contracts and decentralized finance (DeFi) is undisputed, but Schiff argues its dominance is weakening. Layer-1 competitors and the emergence of altcoin spot ETFs could divert investor interest away from Ethereum. His bearish outlook depends heavily on the ETH/BTC ratio declining further — a signal that Ethereum is losing ground to Bitcoin.
If Ethereum maintains its current levels or outperforms, Schiff’s prediction may once again be disproven. However, a continued drop in the ratio could validate his bearish thesis, at least on a relative basis.
For now, Ethereum’s path is uncertain. Schiff’s renewed warning adds fuel to the ongoing debate between crypto fundamentals and technical chart analysis. Investors will be watching closely to see if Ethereum can regain momentum or if Bitcoin continues to outshine its rival.
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