Famous economist Peter Schiff, nicknamed the “Gold Bug”, put forward a remarkable theory about the future of spot Bitcoin exchange-traded funds (ETFs).
Peter Schiff January 17 dated social media in your post, spot Bitcoin ETFs He touched on the possible problems he may experience in the USA. Chairman of the U.S. Securities and Exchange Commission (SEC) Gary Gensler was cornered by giant corporations And As a result of public pressure Claiming that he accepts spot Bitcoin ETFs, Schiff stated that the SEC may take action in the future. It’s almost like he might go on a quest for revenge. he emphasized.
Schiff, SEC Bitcoin ETF transaction costs will increase significantly through legal means in the coming period and, in parallel, It would undermine the uses of ETFs he added to his statements.
At the end of the day with all this spot Bitcoin ETF sabotage will cause a significant decrease in price The experienced name that put it forward included the following statements in the details of his statement:
Gary Gensler had to endorse Bitcoin ETFs because he was backed into a corner. But in the near future, it will significantly increase the cost of Bitcoin transactions and further undermine its “usage”. This will result in a sharp drop in price.