I just saw that Bitcoin is still rising and has already reached $78,300. Meanwhile, Peter Schiff doesn't miss the opportunity to remind the world why he thinks this is a trap.

This guy has been consistent in his message: when Bitcoin goes up, he says it's time to sell. And well, Peter Schiff is back with his usual argument that gold is the real investment and that cryptocurrencies are just smoke.

The interesting thing is that every time Bitcoin approaches an important psychological level, these voices appear saying that profits should be taken. Peter Schiff, as always, sees this as the perfect opportunity for holders to exchange their Bitcoin for gold.

This isn't the first time we've heard this from him. The guy has been predicting Bitcoin's collapse for years, but here we are. However, it's worth noting that he has his followers who truly believe him.

The question many are asking now is whether Peter Schiff is right this time or if he's just repeating his usual script. What’s clear is that as Bitcoin continues to break resistance levels, his criticisms don't seem to be slowing down the market movement.