#Bitcoin Enemy Peter Schiff Is Back! Warned Investors About $BTC !
ETFs were approved, according to a post issued yesterday on the SEC's official X page. Following this article, Bitcoin got close to $48,000.
But after it was revealed that the #ETF approval story was false, Bitcoin dropped to $45,000.
Despite causing speculation in the bitcoin market, this ETF announcement sparked a lot of responses.
At this point, well-known Bitcoin critic Peter Schiff made a comment.
Peter Schiff contended that investors should take this as a warning, pointing to the significant price volatility following the false ETF news.
The well-known figure claimed that the market may see greater swings in anticipation of the adoption of a legitimate Bitcoin ETF, claiming that even bogus rumours about ETFs can generate significant price volatility.
Additionally, Schiff issued a warning: if ETF certification is denied, yesterday's volatility may portend a more severe setback.
Schiff concluded by advising investors to liquidate their Bitcoins right away, saying:
“Bitcoin rose close to $48,000 and fell to $45,000 after the post of Gary Gnsler, who announced that the approval news of Bitcoin ETFs was fake.
An actual confirmation is expected on Wednesday. Considering that many speculators are expecting a rally, it is hard to believe that the market will deliver this expected rise in BTC .
It's better to sell today.” #BTC2024 #ETFApprovalDreams #SEC
