Economist and market commentator Peter Schiff urged investors Monday to take profits on Bitcoin (CRYPTO: BTC) during the ongoing rally and use the proceeds to invest in gold.

Is This Bitcoin Surge Just Hype?

In an X post, Schiff said that the “Venezuela-inspired” rally, which has pushed Bitcoin above $94,500, is not a bullish sign, but rather a “pumper” narrative.

“Don’t believe the hype. Just take advantage of the rally to sell and use the proceeds to buy real gold instead,” the Bitcoin critic added.

Who’s The Real Safe Haven?

Both Bitcoin and gold have seen strong gains early in the new year. However, the two assets diverged sharply in 2025, with Bitcoin declining by about 5%,…

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