Why economist Peter Schiff is recommending selling Ethereum to buy Bitcoin 

While Schiff remains skeptical of both Bitcoin and Ethereum as long-term investments, he views Ethereum as being at a relative disadvantage.

According to him, the second-largest cryptocurrency by market cap faces stronger competition in its use-case narrative, whereas Bitcoin continues to dominate as the leading digital asset. As such, he argued that Ethereum is underperforming compared to Bitcoin, and may continue to do so.

It's not as far as I'm concerned. I'm just looking at the charts. But I think based on the way the tokens are hyped, Ether has more acknowledged competition for the narrative of its use case.

For investors insistent on holding crypto, Schiff sees a better risk-reward trade in rotating out of Ethereum and into Bitcoin, despite his broader reservations about the entire asset class.

Beyond the Ethereum-Bitcoin debate, Schiff also renewed his criticism of political support for digital assets.

The economist warned that efforts to promote domestic investment in crypto, particularly under President Donald Trump, could inadvertently accelerate the collapse of the U.S. dollar.

In such a scenario, Schiff maintained, while Bitcoin holders might expect to benefit, gold would ultimately emerge as the real winner. His remarks come as the U.S. ramps up crypto regulation, including the newly signed Genius Act targeting stablecoins.