A well-known gold advocate and market critic has taken another jab at Bitcoin, suggesting that the recent rally shouldn't be mistaken for genuine bullish momentum. According to his latest commentary, the recent Bitcoin price surge is merely a tactical opportunity for investors to liquidate their positions at higher levels.

He characterized the uptick as a classic "Santa bounce"—a year-end market phenomenon often seen in traditional markets—implying that retail and institutional investors should use this window to sell their crypto holdings rather than add to them.

This perspective reflects the ongoing debate within the investment community about Bitcoin's fundamental value and sustainability. While some market participants view the rally as validation of the asset's long-term potential, skeptics continue to argue that such short-term gains are trap opportunities designed to catch late-stage retail traders.

The commentary adds fuel to the polarized discourse surrounding Bitcoin's role in investment portfolios, particularly as traders assess whether current price levels represent genuine support or temporary relief within a broader downtrend.