US financial commentator Peter Schiff responded to the famous economist and examined why ETF investors invest.
Economist Peter Schiff said on Twitter on January 11: in the statementAllianz Chief Economic Advisor Statements by Mohamed El-Erian He shared his comments in response.
According to Schiff, El-Erain said in a statement on CNBC: 11 spot Bitcoin ETFsA milestone in the launch of and Bitcoin as an investment He said it increased its importance. El-Erian also describes Bitcoin as a real on its way to becoming a currency He said it was far away.
Shiff used the following sentences regarding these comments:
If Bitcoin isn’t a digital currency, what exactly are ETF investors buying it for?
Peter Schiff also reacted to a comment on social media. User, Bitcoin investments as a store of value and inflation hedge He said it happened.
Schiff made a similar comment and included the following statements:
But if it is not a currency, does it have value stored by investors?