Renowned economist Peter Schiff, who has been consistently skeptical about cryptocurrency, has expressed his forecast that the approval of a Bitcoin ETF (Exchange-Traded Fund) would trigger a substantial selloff, potentially overwhelming the spot market. Here’s a breakdown of the key points from his prediction:
1. Mounting selling pressure: Schiff anticipates that the green light for a Bitcoin ETF would entice new investors to enter the fund, ultimately resulting in heightened selling pressure in the spot market.
2. Insufficient new buyers: He contends that there would be a deficit of new buyers in the spot market to counteract the increased selling, leading to a surge in supply and subsequently causing a drop in price.
3. ETF investor sell-off: Schiff posits that ETF investors would offload their shares, flooding the market with Bitcoin and consequently driving prices down.
4. Spot market inadequacy: He is of the opinion that the spot market is too small to absorb the augmented supply, thereby triggering a sharp price decline.
5. Plummeting Bitcoin price: As a result of the increased selling pressure and lack of new buyers, Schiff predicts a substantial plummet in the price of Bitcoin.
6. Contrarian perspective: Schiff's prediction diverges from the prevalent belief that a Bitcoin ETF would result in heightened mainstream adoption and increased prices.
7. Concerns about ETF structure: In addition to his market forecast, Schiff has raised apprehensions about the structure of Bitcoin ETFs, expressing his belief that these instruments would attract unsophisticated investors who may not fully comprehend the associated risks.
#MarketDownturn
#BTCMarketPanic #RecessionOrDip? #ETH_ETFs_Approval_Predictions

T.me/Pumpclub20

🚨Key points from Donald Trump's speech at the Bitcoin 2024 conference

•If the US does not gain primacy in the crypto industry, China will.

•On the first day of his presidency, SEC Chairman Gary Gensler will be fired.

•Trump will create an advisory board on bitcoin and cryptocurrencies.

•The confiscated bitcoins (213 thousand BTC) will not be sold, but will form a strategic reserve for the United States.

•The sentence for Silk Road founder Ross Ulbricht will be commuted.

•Trump will prevent the government from creating a central bank digital currency (CBDC).

•Trump also said that bitcoin does not threaten the dollar, although he has repeatedly said the opposite.

LIKE| COMMENT| REPOST| FOLLOW for more update around the crypto space.

$INJ

🚀 Trump Coin Skyrockets After Attempted Assassination 🚀

In an unexpected twist, the Trump Coin has seen an unprecedented surge following the shocking news of the attempted assassination on Donald Trump. 📈💥 This just goes to show how events in the political arena can have immediate and profound impacts on the financial markets.

The resilience of this coin is a testament to the strong following and the unpredictable nature of cryptocurrency. Whether you're an investor or just a curious observer, it's clear that the Trump Coin is making waves and turning heads! 🌊👀

Stay tuned as we watch how this unfolds. 🧐🔍

#TrumpCoin #Cryptocurrency #FinancialMarkets #PoliticalImpact #Investing #CryptoNews #MarketTrends

$SUI is currently the frontrunner in the market after establishing strong support at the $0.50 level. It is now showing a rally towards our next target of $1.25, accompanied by substantial trading volume. We are optimistic that BTC will sustain its bullish trend during this period. Over time, we have observed a remarkable 340% profit.

$LISTA DONE?

🗣BTC LEVELS UPDATE:

Key resistance at 59400 if we flip it on weekly then we have potential upside to 64k area🍷

Tho i would said we still have alot of liquidity to be taken at 45 - 43k which might happen in the coming months

Weekly close below 52700 = 47k

Weekly close above 59400 = 64k

Good morning!

Embrace the challenges of today with confidence and determination.

Every trade, win or lose, is a step towards mastering the markets.💪

$BTC

Who is playing this game???❗️

With less than 100 coins gaining 📉📉📉

ROAD TO SUCCESS
Join my TG group so you don’t miss my next call 🚀
.
.
.
T.me/pumpclub20

#HIGH/USDT ⚡⚡
Exchanges: BINANCE USDT,  Derivatives
Signal Type: Reg ular (LONG)
gLeverage: CROSS (20.0X)      Amount: 10%

Entry Targets: market cap_20.39% LONG)

1) 2.147
2) .......

Take-Profit Targets:
1) 2.300

2) ......

Stop targets:
1) 1.950

𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐞𝐠𝐚𝐝𝐫𝐨𝐩 𝐒𝐞𝐚𝐬𝐨𝐧 𝟐!
Remember the Promising gains from Binance Launchpool? Now, Binance is back with a new way to multiply your Assets – the LISTA $LISTA Megadrop! 💰

𝐖𝐡𝐚𝐭 𝐭𝐨 𝐃𝐨:
• Lock BNB $BNB : Stake your BNB for 120 days.
• Web3 Quests: Complete Some easy tasks to maximize your potential gains.

𝐓𝐡𝐞 𝐇𝐲𝐩𝐞 𝐢𝐬 𝐑𝐞𝐚𝐥:
@lista_dao is the next big thing.
𝐖𝐡𝐚𝐭 𝐚𝐫𝐞 𝐲𝐨𝐮𝐫 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬? 🤔

#Megadrop #ListaDao #Binance #LAUNCHPOOLTOKEN $BNB

⚡️⚡️VIP PREMIUM⚡️
SHORT TIME TRADING

(REVIEWS TRADE)

VIP PREMIUM ONLY

⚡
#BAKE/USDT ⚡⚡
Exchanges: BINANCE USDT,  Derivatives
Signal Type: Reg ular (SHORT)
gLeverage: CROSS (20.0X)      Amount: 10%

Entry Targets: market cap+43.39% SHORT)

1) 0.3888

The Downfall of $HIGH
Hi Traders if you are aware of this market then you should know about( HIGH ) many traders took long entries when it was going down but all liquidated.

Basically this token breaks all resistance downward and it will continue the trend 📉 so don't took entry until you sure about it.
What are your thoughts about it? Let me know

8 years ago Notcoiner from the community made her move and participated in the not art contest.

To joint the contest 👇👇👇
NOT ART contest

To all the not artists. “The rebels, the troublemakers”. We start the NOT ART contest to celebrate our rough edges.

How to participate
- Check out the vibe.
- Make your work, any style, any form.
- It should be your answer to what "Not" stands for.

Inspire the future of Notcoin.

Tips
Probably nothing
Like no other
Not art, not artist
Tao called Tao is not Tao
Notcoin

Categories
– 2D
– 3D
– 1of1s (one-of-a-kind)

Prize pool
20M in Notcoin ($100k USD)

When
Start: now
End: June, 24

Post your work on your social networks and send us a link through the form (will be published later).
We will contact the authors of the works that resonated the most.

You don’t need to have a Notcoin in your work to be awarded.
You don’t need to be called an artist to make art.

💛$NOT #Notcoin👀🔥 #BTC #Web3Quests #web3

Check this out!

Do You Want #Tapswap Listing on Binance ?

Type in Comment "YES"

Follow 🔔| Like ❤️ | Repost 🔄 | Comment 🖍️

We profited greatly from Notcoin ; now it's time to capitalize on BLUM. 🪂💰💸🤑
Discover Blum Crypto, the latest sensation in the crypto world! Founded by ex-Binance employees and backed by Binance Labs, Blum Crypto offers an exciting Telegram Mini Bot platform for airdrops and farming.
🔹Sign Up:👇🏻

t.me/BlumCryptoBot/app?startapp=ref_1UJkWUw71m

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Collect points every 8 hours.
Repeat to accumulate more points.

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Complete in-app tasks.
Invite friends for extra points.
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🔹Why Blum Crypto Stands Out:
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Affiliated with Binance Labs.
Seamless way to farm, complete tasks, and earn rewards.

#BLUM #airdrop #airdrop #NOT #Notcoin #NOT

Which One Your Favourite Project ? Comment Below🔥🔥

1. Tapswap

2. Notcoin

Follow | Like ❤️ | Repost 🔄 | Comment

#TAPS
$NOT