Golden Finance reported that Peter Schiff, founder of Europacific Capital, is bearish on all cryptocurrencies. Expectations of a rise in Bitcoin spot ETFs did not change his tone. Schiff said the SEC’s final approval will end the rally for Bitcoin spot ETFs. Once BTC is actually approved as a spot ETF product, the rally will lose momentum. He also noted that cryptocurrency traders may start selling and taking profits ahead of the imminent SEC approval. In response to a subsequent question in the X thread: "How many Bitcoins do you own?" Peter Schiff replied: "No."