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Bitcoin ETF Risks Exposed: Peter Schiff’s Warning for Investors


Jul, 05, 2024
< 1 min read
by CoinEdition
Peter Schiff Predicts Major Losses for Bitcoin ETF Investors Amid Market Volatility
  • Over 70% of Bitcoin ETF investors face losses as prices drop.
  • Schiff predicts further declines and widespread selling among investors.
  • Regulatory shifts show increasing acceptance of Bitcoin ETFs.

Peter Schiff, a vocal Bitcoin critic and financial analyst, is doubling down on his skepticism of Bitcoin Exchange-Traded Funds (ETFs). He predicts significant losses for investors as the leading cryptocurrency’s price continues to fall from its peak. 

According to Schiff, with Bitcoin’s price currently around $54,000—significantly down from the highs of $70,000—over 70% of investors who bought into Bitcoin ETFs at higher prices are now facing losses. 

He expects that as the market continues to fall, all investors could see their holdings decline if the downtrend persists. Schiff’s comments drew mixed reactions on social media platforms,…

The post Bitcoin ETF Risks Exposed: Peter Schiff’s Warning for Investors appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Grayscale Poll: U.S. Voters Want Presidential Candidates to Understand Crypto

Grayscale Poll: U.S. Voters Want Presidential Candidates to Understand Crypto

A new Grayscale Harris Poll survey reveals that U.S. voters increasingly view cryptoc...
Jul, 06, 2024
< 1 min read
by CoinEdition
Bitcoin’s Bearish Trend Continues: German Government Sells More BTC, Market Reacts

Bitcoin’s Bearish Trend Continues: German Government Sells More BTC, Market Reacts

Bitcoin’s price has plummeted to new lows not seen since its 2024 halving, fueled by ...
Jul, 05, 2024
< 1 min read
by CoinEdition
MainNewsBitcoin ETF ...

Bitcoin ETF Risks Exposed: Peter Schiff’s Warning for Investors


Jul, 05, 2024
< 1 min read
by CoinEdition
Peter Schiff Predicts Major Losses for Bitcoin ETF Investors Amid Market Volatility
  • Over 70% of Bitcoin ETF investors face losses as prices drop.
  • Schiff predicts further declines and widespread selling among investors.
  • Regulatory shifts show increasing acceptance of Bitcoin ETFs.

Peter Schiff, a vocal Bitcoin critic and financial analyst, is doubling down on his skepticism of Bitcoin Exchange-Traded Funds (ETFs). He predicts significant losses for investors as the leading cryptocurrency’s price continues to fall from its peak. 

According to Schiff, with Bitcoin’s price currently around $54,000—significantly down from the highs of $70,000—over 70% of investors who bought into Bitcoin ETFs at higher prices are now facing losses. 

He expects that as the market continues to fall, all investors could see their holdings decline if the downtrend persists. Schiff’s comments drew mixed reactions on social media platforms,…

The post Bitcoin ETF Risks Exposed: Peter Schiff’s Warning for Investors appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Grayscale Poll: U.S. Voters Want Presidential Candidates to Understand Crypto

Grayscale Poll: U.S. Voters Want Presidential Candidates to Understand Crypto

A new Grayscale Harris Poll survey reveals that U.S. voters increasingly view cryptoc...
Jul, 06, 2024
< 1 min read
by CoinEdition
Bitcoin’s Bearish Trend Continues: German Government Sells More BTC, Market Reacts

Bitcoin’s Bearish Trend Continues: German Government Sells More BTC, Market Reacts

Bitcoin’s price has plummeted to new lows not seen since its 2024 halving, fueled by ...
Jul, 05, 2024
< 1 min read
by CoinEdition