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Peter Schiff's tweet about the end of the bitcoin party has caused controversy in the crypto community
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Nearly everywhere you turn, the cryptocurrency community is abuzz about the upcoming Bitcoin halving event, which is planned for about 30 days from now. Gold bug Peter Schiff appears set on spoiling the party, however, warning that cryptocurrency investors should be bracing for pain instead of celebrating any upcoming milestone.
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The recent Bitcoin halving event, meant to slow down the creation of new coins, has ignited a fresh debate within the cryptocurrency community. Economist Peter Schiff threw gasoline on the fire by criticizing Bitcoin’s viability as a currency due to rising transaction fees and sluggish processing times.
Popular economist and vocal opponent of Bitcoin Peter Schiff has issued a warning to the cryptocurrency community, predicting that BTC Spot Exchange-Traded Funds (ETFs) buyers will soon start bailing out as they become overwhelmed by the volatility in the market.
Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event.
The American stockbroker has repeatedly called bitcoin a “bubble” and said he still doesn’t believe in its long-term future.
Euro Pacific Asset Management founder and Gold advocate Peter Schiff has urged Bitcoin (BTC) investors to exchange their BTCs for his exclusive Golden Triumph Ordinals collection, while labeling the crypto asset as “overpriced.
Euro Pacific Capital CEO Peter Schiff warns of a market crash as spot Bitcoin ETF front-runners are getting ready for imminent approval. The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) is likely to result in a market “crash”…
Peter Schiff, a Bitcoin hater and prominent financial analyst renowned for his insights into economic trends, has turned his scrutiny toward the recent United States inflation data, raising questions about the efficacy of the Federal Reserve’s campaign to curb escalating prices.