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๐Peter Schiff does his usual thing: Explains how Ethereum ETFs will be bad for Bitcoin
๐Peter Schiff, known for his constant criticism of Bitcoin, took advantage of the currency's recent rise to attack it again. Schiff points out that the potential approval of Ethereum exchange-traded funds (ETFs) by the SEC will hurt Bitcoin, as he believes funds allocated to purchase Ethereum funds will come at the expense of existing Bitcoin funds.
๐Who is Peter Schiff?
Peter Schiff is an American economist and businessman, best known for his harsh criticism of Bitcoin and digital currencies. He is the CEO of Euro Pacific Capital and a former candidate for the US Senate. Schiff is known for his economic forecasts and conservative financial analyses.
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