Bitcoin ETF

Bitcoin

when

Noted economist and cryptocurrency critic Peter Schiff has issued a stern warning to investors in Bitcoin exchange-traded funds (ETFs).
<h2 id="peter-schiff-warns-of-huge-losses-for-bitcoin-etf-investors-as-prices-drop-to-53k">Peter Schiff Warns of Huge Losses for Bitcoin ETF Investors as Prices Drop to $53K</h2>
According to Schiff, the recent decline in Bitcoin price to $53,000 means that a significant majority of Bitcoin ETF investors are now in the red.
“At $53k I estimate over 70% of those who bought Bitcoin ETFs are losing money,” Schiff said on Twitter.
Schiff also predicted a bleak future for Bitcoin ETF investors if the price of the cryptocurrency continues to fall.
Related News: <a href="https://en.bitcoinsistemi.com/delist-news-keeps-coming-from-binance-while-the-market-is-falling-three-altcoin-trading-pairs-delisted/" target="_blank" rel="noopener noreferrer nofollow">Delist News Keeps Coming from Binance While the Market is Falling! Three Altcoin Trading Pairs Delisted!</a>
“When Bitcoin trades below $38k, 100% of Bitcoin ETF buyers will lose money. That's when I expect the real sell-off to begin, as most crypto ETF speculators will throw in the towel for good.”
Bitcoin's latest price drop comes after defunct cryptocurrency exchange Mt. This was attributed to several factors, including the expected payout for Gox's creditors.
The market is also affected by broader economic uncertainties, particularly concerns about US inflation and interest rates.
Schiff's comments come as Bitcoin suffers its most significant weekly loss since FTX's collapse in November 2022. The cryptocurrency lost over 13% in value during the week and is currently trading at the lowest levels since early May.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/bitcoin-enemy-peter-schiff-says-a-great-disappointment-awaits-bitcoin-etf-investors-heres-why/" rel="noopener noreferrer nofollow">Bitcoin Enemy Peter Schiff Says A Great Disappointment Awaits Bitcoin ETF Investors! Here's Why</a>

Bitcoin Enemy Peter Schiff Says A Great Disappointment Awaits Bitcoin ETF Investors! Here's Why

목차

Bitcoin Sistemi EN

2024년 7월 6일에 게재된 다른 기사

Cardano (ADA) to Dip by 40% if Crucial Support Fails; Fetch.ai (FET) Recovery Hinges on This Tren...

Is Moonbag Coin the New Crypto King? Impressive Presale Stuns Industry Leaving Dogwifhat and Inje...

July 2024’s Game-Changing Crypto Projects

RCO Finance Crypto AI Token Pre-Sale Eyes $1 Million, Investors Still Have a Shot At 3,000% ROI

Justin Sun New Solution: No Gas Fees for Stablecoin Transfers

NFT Sales Surge 28% in Q2 2024 Amid Bitcoin Decline: Reports

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!