Peter Schiff Predicts Bitcoin ETF Selloff to Overwhelm Spot Market
#News #Newsonleo #BTC #ETF #freecompliments
1/✍️ Bitcoin skeptic Peter Schiff predicts a significant selloff in Bitcoin ETFs, leading to a market crash.
#News #Newsonleo #BTC #ETF #freecompliments
1/✍️ Bitcoin skeptic Peter Schiff predicts a significant selloff in Bitcoin ETFs, leading to a market crash.
2/✍️ He argues that ETF liquidations could overwhelm spot markets, especially after recent price declines.
💡Schiff highlights that Bitcoin's volatility makes it unsuitable as a reserve asset for governments or central banks, contrary to proposals like Senator Cynthia Lummis' strategic Bitcoin reserve.