Bitcoin ETF

Bitcoin

Coin

<ul class="news-points">
 <li><strong>Over 70% of Bitcoin ETF investors face losses as prices drop.</strong></li>
 <li><strong>Schiff predicts further declines and widespread selling among investors.</strong></li>
 <li><strong>Regulatory shifts show increasing acceptance of Bitcoin ETFs.</strong></li>
</ul>
<p>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.&nbsp;</p>
<p>According to Schiff, with Bitcoin’s price currently around <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">$54,000</a>—significantly down from the highs of $70,000—over 70% of investors who bought into Bitcoin ETFs at higher prices are now facing losses.&nbsp;</p>
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   <p lang="en" dir="ltr">At $54K my guess is that over 70% of those who bought <a href="https://twitter.com/hashtag/BitcoinETFs?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BitcoinETFs</a> are losing money. When <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> trades below $38K, 100% of Bitcoin ETF buyers will be losing money. That's when I expect the real selling to start, as most <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> ETF speculators will throw in the towel for good.</p>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1809093670450221369?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
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<p>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,…</p>
<p>The post <a href="https://coinedition.com/bitcoin-etf-risks-exposed-peter-schiffs-warning-for-investors/" rel="noopener noreferrer nofollow">Bitcoin ETF Risks Exposed: Peter Schiff’s Warning for Investors</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

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

Coin Edition

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