Gold proponent Peter Schiff is forced to choose one: abandon Ethereum for Bitcoin, as ETH experiences a big pump while BTC's dominance rate drops sharply, attracting attention.

Famous economist and staunch gold supporter Peter Schiff has expressed controversial views on the recent trends in Crypto Assets, stating that despite Ether's (ETH) strong breakout above $4000, reaching a new annual high, he would still choose Bitcoin (BTC) over ETH. At the time of this statement, CoinMarketCap data showed that Bitcoin's market dominance has sharply dropped by 4.91% to 59.1% within a month, while Ethereum's dominance has risen to 13%, indicating that capital is rapidly rotating from BTC to ETH and altcoin sectors. This article analyzes Schiff's position, changes in market dominance, and the underlying reasons.

Shiff's Statement: If Forced to Hold Crypto Assets, He Would Still Choose Bitcoin Over Ethereum Peter Schiff recently commented on the latest price trends of Bitcoin and Ethereum, reiterating his preference for BTC. The economist, known for his admiration of gold, pointed out that since he advised investors to convert their held ETH into Bitcoin, the price of Ethereum has seen an increase.

He admitted that the conversion strategy performed well initially until Ethereum suddenly surged last weekend. Schiff emphasized that he has no interest in holding any Crypto Assets, but if forced to choose, he would still choose Bitcoin.

Ethereum strongly breaks through key resistance, on-chain data confirms bullish momentum In recent trading sessions, Ethereum has continuously shown strong upward momentum, successfully breaking through the key psychological level of 4000 USD and reaching a new price high for 2025. The surge in large transactions by whales and the increased activity in the derivatives market have collectively supported this round of increase.

(Source: Coinglass)

The trading volume of ETH and the open contracts have surged in sync, indicating a significant increase in market speculative interest. These factors have collectively contributed to the strengthening of Ethereum's price in the short term, allowing it to surpass Bitcoin in terms of price increase over the past week. Nevertheless, Bitcoin remains solidly above $100,000 due to its leading market capitalization and institutional favor, with the influx of funds into spot BTC ETFs and corporate treasury demand providing strong support.

BTC market dominance plunged by 5% in a month, capital rotating to ETH and alts The current Bitcoin market dominance has fallen to 59.1%, down 4.91% from last month. According to the latest data from CoinMarketCap, Ethereum's dominance has risen to 13% (an increase of 3.34%), while other Crypto Assets collectively occupy 28% of the market share (an increase of 1.57%).

Comparing to data from a month ago: Bitcoin's dominance is at 63.9%, Ethereum at 9.7%, and other assets account for 26.4%. This trend reveals that capital is significantly flowing out of Bitcoin, accelerating rotation into the Ethereum and other alts space.

Bitcoin's dominance rate was reported at 61.2% last week, and it has shown a clear downward trend recently. This decline began on June 27, 2025, when BTC reached a peak annual dominance rate of 65.1%. Since then, Ethereum has continued to strengthen, approaching the upper end of its annual range, while Bitcoin has entered a correction phase. The lowest point of Bitcoin's dominance rate in the past year was 53.9% (which occurred in December 2024).

Conclusion: The game of dominance is heating up, and the structure of the crypto market is facing reshaping Despite Bitcoin maintaining its market leader status with a significant market capitalization advantage, the rapid narrowing of the gap in dominance with Ethereum reflects an intensifying trend of capital flow diversification. Schiff's comments on "forced choices" highlight the limited understanding of traditional finance professionals regarding the crypto ecosystem, while the phenomenon of market rotation, backed by real investments, is more convincing. Future changes in dominance will depend on shifts in macroeconomic policy, on-chain activities of institutional participants, and whether Ethereum can sustain its current upward momentum, as the crypto market landscape may enter a new round of reshuffling.