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🟠BITCOIN ETF INVESTORS FACE LOSSES

🟠BITCOIN ETF INVESTORS FACE LOSSES

Day: 09 | Time: 15:03:25 Peter Schiff, a well-known Bitcoin critic, has expressed concern that ETF investors may have to bear losses. He noted that "smart money" is selling Bitcoin in the spot market, while "dumb money" is buying it through ETFs. Schiff has also congratulated big Bitcoin investors for creating a situation where ETF investors will be the "last ones in." According to him, a decrease in the price of Bitcoin below $38,000 will put all ETF buyers in trouble. Schiff predicts that real selling will start at that point, and many cryptocurrency ETF speculators will go into crisis. However, Bitcoin ETFs saw outflows of $143 million last Friday. Schiff is convinced that the bearish Bitcoin market is far from over and expects further declines for the cryptocurrency.

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