Cryptocurrency

Bitcoin ETF

Bitcoin

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Cryptocurrency naysayer Peter Schiff recently&nbsp;<a href="https://twitter.com/PeterSchiff/status/1777754968100855882" rel="noopener noreferrer nofollow">predicted</a> that the issuers of Bitcoin exchange-traded funds (ETFs) would be sued by their disgruntled customers.&nbsp;&nbsp;
Schiff is convinced that these customers will be searching for ways to recover their money after facing huge losses.&nbsp;
Moreover, the gold bug believes that risk disclosures will not necessarily shield these issuers from legal troubles due to contradictory public comments as well as private comments made by text.&nbsp;
As&nbsp;<a href="https://u.today/peter-schiff-has-major-warning-for-bitcoin-etf-buyers" rel="noopener noreferrer nofollow">reported by U.Today</a>, Schiff previously labeled Bitcoin ETFs as "speculative casinos," predicting that their success would not last.&nbsp;
However, so far, these products have been extraordinarily successful. Earlier this week, BlackRock's IBIT entered the 3% US ETFs after approaching $20 billion in assets under management. It also became the fastest ETF to reach $10 billion in AUM.&nbsp;Last month, Bitcoin ETFs <a href="https://u.today/bitcoin-etfs-traded-staggering-111-billion-in-march" rel="noopener noreferrer nofollow">attracted</a> $111 billion in trading volume. &nbsp; &nbsp;&nbsp;&nbsp;&nbsp;
<h2 id="the-contrarian-perspective">The contrarian perspective&nbsp;</h2>
After receiving some pushback from his followers over his non-stop Bitcoin posts, Schiff defended his obsession by arguing that someone needs to offer an alternative perspective on the social media network that is teeming with Bitcoin pumpers.&nbsp;
Schiff started hating the largest cryptocurrency all the way back in 2011 when it was trading at a mere $31.&nbsp;
Despite the fact that Bitcoin is now a $1.3 trillion asset, Schiff is yet to warm up to the flagship coin.&nbsp;
As&nbsp;<a href="https://u.today/peter-schiff-tries-to-debunk-bitcoin-halving-hype" rel="noopener noreferrer nofollow">reported by U.Today</a>, he is also bearish on the upcoming halving event that is going to take place just days from now.&nbsp;

Bitcoin ETF Issuers to Face Legal Nightmare, Peter Schiff Predicts

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