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.
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.