Bitcoin ETF Warning: US Economist Says Newbies Face "Rude Awakening"

American economist and gold bug Peter Schiff has interpreted the fact that the majority of the assets in the cryptocurrency industry are losing money as a sign that Bitcoin (BTC) is headed for collapse, issuing a particularly grim warning to owners of spot BTC exchange-traded funds (ETFs).

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An American economist clarifies why Bitcoin is a "failure"

Shortly after the Bitcoin (BTC) halving, which was one of the biggest moments in the cryptocurrency world, American economist and gold enthusiast Peter Schiff persisted in questioning the viability of the main decentralized finance (DeFi) asset as a digital currency.

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It's no longer "easy mode" for Bitcoin- Analysts warn of a massive wipeout

Certain cryptocurrency traders advise staying on the sidelines to evade being caught in a leverage-induced wipeout, asserting that they can make up for missed opportunities later.

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Bitcoin critic Peter Schiff criticizes the recommendation of a Bitcoin ETF over gold assets, despite the precious metal reaching a record high

Peter Schiff, known for his criticism of Bitcoin, has shared his belief that gold may surpass Bitcoin in the coming month, despite CNBC's Fast Money not suggesting gold ETFs.

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