Peter Schiff Skeptical as Bitcoin ETF Fails to Impress
Schiff reiterates Bitcoin skepticism post-ETF launch, anticipating zero value. Mocks $10 million scenario, linking it to dystopian hyperinflation.
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Peter Schiff says spot Bitcoin ETF could crash BTC price
03/01/2024 20:19
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Gold advocate Peter Schiff warns of a potential BTC market collapse if the SEC approves a spot Bitcoin ETF. Matrixpoint predicts a delay until Q2 2024, citing Democrats' influence on SEC commissioners. Market sentiment shifts from optimism to skepticism, and analyst Eric Balchunas sees a slim chance of approval, raising concerns about a possible "rug pull of a decade." Uncertainty prevails as the crypto community awaits the SEC's decision.
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