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Crypto

Peter Schiff says bitcoin is not an inflation hedge; gold and silver are alternatives

Peter Schiff, known as a bitcoin critic, reiterated that bitcoin is not a real asset and cannot be compared with traditional assets such as gold, equities or real estate. He pushed back against a claim by crypto analyst Quinten Francois that bitcoin still has room to grow based on market-size comparisons. Schiff also rejected the idea that bitcoin is a hedge against rising prices, arguing that gold and silver are the appropriate alternatives. He added that AI is a threat to bitcoin, not a positive.

Crypto

Ethereum early whale sells entire stake after 344 percent return

A holder believed to be an early Ethereum investor transferred all ETH holdings to the centralised exchange Bitstamp and appears to have completed a full sale, according to on-chain analysis. The investor is estimated to have made about $274 million in profit, a 344 percent return. Data also show the transfers unfolded over months. Market commentary is mixed, citing negative Coinbase premium readings alongside arguments that Ethereum is undervalued and network activity is growing.