📢Crypto skeptic Peter Schiff questions Bitcoin's (BTC) value proposition, despite its 55% YTD growth and a 70% surge since the SEC approved spot BTC ETFs. Schiff's critique follows BTC's three-month sideways trading, yet overlooks the asset's typical post-halving consolidation. Meanwhile, spot BTC ETFs from BlackRock and Fidelity have seen a stellar debut, amassing $10bn in AUM in weeks.🚀 On-chain data reveals a four-year low in BTC balances on centralized exchanges, indicating a strong "hodling" trend. Despite Schiff's skepticism, institutional demand continues to grow, with entities like the Wisconsin Investment Board investing heavily in spot BTC ETFs. What are your thoughts on Schiff's critique? Share in the comments! 👇