3 surprising reasons Peter Schiff chose Ethereum over Bitcoin

Jakarta, Pintu News – In the dynamic world of cryptocurrency investment, the shift of capital from Bitcoin (BTC) to Ethereum (ETH) and other altcoins is a hot topic. Peter Schiff, known as a Bitcoin critic, recently reiterated his support for Ethereum, despite the significant rise in ETH price. This analysis will delve deeper into the market dynamics between the two crypto giants and how financial institutions are reacting to this trend.

1. Institutional Interest in Ethereum Surges

The latest data from CoinMarketCap shows that Ethereum (ETH) experienced a 1.14% price increase to $4,213.86, while Bitcoin (BTC) rose 0.96% to $118,125.00. Although ETH weakened against BTC with the ETH/BTC ratio dropping -2.57%, institutional capital flows were in favor of Ethereum.

The Ethereum ETF recorded inflows of $461 million, surpassing the Bitcoin ETF which only recorded $403.9 million. This figure shows that large investors are increasingly confident in Ethereum’s long-term prospects.

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2. Significant Change in Market Dominance

Bitcoin’s market dominance currently stands at 59.1%, down 4.91% compared to the previous month. In contrast, Ethereum managed to increase its market share to 13%, up 3.34%. Other altcoins now account for 28% of the market, up 1.57%.

This trend reflects the gradual rotation of capital from Bitcoin to Ethereum and altcoins. Although Bitcoin remains in the lead, this shift shows that investors are increasingly seeing the value of diversifying their crypto portfolios.

3. Peter Schiff’s Long-term Confidence in Ethereum

Peter Schiff, who has been a vocal critic of Bitcoin, surprised the public with his statement in favor of Ethereum. According to Schiff, Ethereum has more potential applications and innovations than Bitcoin, which makes it more attractive in the long run.

He also emphasized that although ETH is currently showing weakness against BTC, the trend of capital flowing into Ethereum ETFs indicates that large investors see the same potential. For Schiff, Ethereum is not just an investment asset, but also a technology platform that can open up wider opportunities in the future.

Peter Schiff’s shift in support from Bitcoin to Ethereum is an important signal in the crypto market. The surge in institutional interest, the change in market dominance, and ETH’s technological potential make Ethereum increasingly viable for investors looking for diversification and innovation opportunities.

Also Read: 7 Crypto Predictions for 2030

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• AMB Crypto. Bitcoin or Ethereum? Peter Schiff’s pick may surprise you. Accessed on August 11, 2025.