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Gold advocate Peter Schiff: Outflows from spot Bitcoin ETFs will soon put huge downward pressure on Bitcoin

Gold advocate Peter Schiff: Outflows from spot Bitcoin ETFs will soon put huge downward pressure on Bitcoin

Bitget2024/05/12 08:29

PANews reported on May 12 that according to News.bitcoin, gold advocate and economist Peter Schiff said on the X platform that gold and silver prices are expected to rise explosively. Peter Schiff calls Bitcoin “dead money” while encouraging investors to “take advantage of what could be the largest bull market in precious metals in history” and predicts outflows from spot Bitcoin ETFs will “bring huge upside to Bitcoin soon.” Downward pressure".

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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