ETF Warning from Anti-Bitcoin Peter Schiff: Tomorrow One Day Could Be the Opposite!

Financial commentator Peter Schiff, known for his critical stance towards Bitcoin, warned that ETF investors in Bitcoin will become sellers in the future. 

In his post on Twitter on June 11, Peter Schiff included remarkable statements with his warnings against Bitcoin investors.

In his statement, Schiff stated that Bitcoin supporters think that the price will rise by purchasing spot exchange traded funds (ETFs) by corporate companies. The financial commentator also made clear statements that this situation makes the market even more unstable.

Peter Schiff stated that institutional investors who buy ETFs will switch to the selling side in the future, while spot investors do not think this way.

The following statements were used in the statement:

Bitcoin supporters think that institutions will buy ETFs to increase the price, but this makes the market more unstable. ETF buyers will actually switch to the seller side in the future. On the other hand, many investors who make spot investments do not plan to sell Bitcoin until it completely replaces fiat currencies. 

In his recent statement, Schiff stated that approval would be given before the approval of the Ethereum ETF, but that there would be a decrease in the price.