The post Peter Schiff Warns Mass Bitcoin ETF Sell-Off If Price Dips Below $38K appeared first on Coinpedia Fintech News
Peter Schiff has yet again expressed his doubtfulness over Bitcoin’s future, with his focus on Bitcoin ETFs this time, where he predicts a potential large-scale sell-off that could destabilize the market further. Schiff’s warning comes at a time when Bitcoin is experiencing significant fluctuations. With Bitcoin trading around $54,000, he estimates that over 70% of Bitcoin ETF investors are currently at a loss and predicts that if the price falls below $38,000, all Bitcoin ETF buyers will be in negative territory, which will trigger widespread selling.