Bitcoin climbs to a three‑week peak as Peter Schiff shifts his focus to silver

crypthub

1 day ago

Bitcoin Surge

Bitcoin climbed to a three‑week high of $93,293, extending its weekly gain to over 6%. In the last 24 hours more than $186 million of Bitcoin short positions were liquidated. Ethereum and XRP shorts saw far smaller liquidations, about $75 million and $31 million respectively. The breakout suggests continued bullish momentum for the leading crypto.

Expert Outlook

Tom Lee, BitMine Immersion Technologies chairman, told CNBC Bitcoin could set a new all‑time high by January’s end and may exceed $200 k before 2025. He warned the first half of 2026 could be tough, but expects a strong rally in the second half. Bill Miller of Miller Value Partners echoed this, saying Bitcoin is likely to surpass its previous $126 k peak. Both analysts see ample short‑term upside for Bitcoin and other digital assets.

Silver Rally

Silver added another 4% in the past day, up over 33% on the month amid macro‑economic turbulence. Peter Schiff called this the early phase of what could become the biggest precious‑metals bull market ever. He criticized mainstream media for focusing on Bitcoin while ignoring silver’s surge. The metal’s strong performance underscores broader investor interest in hard assets.