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Peter Schiff Warns Bitcoin Owners 'Waiting To Sell' — Says, Speculators 'Over-Estimated' Spot ETF Demand
Tuesday, October 24, 2023 - 8:55pm | 632What Happened: On Tuesday, influential investor Peter Schiff expressed his skepticism about the anticipated demand for a new Bitcoin ETF. He suggested that the number of Bitcoin (CRYPTO: BTC) speculators ready to sell far outpaces the would-be buyers waiting for the ETF. Schiff’s post on X,...
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Bitcoin Stocks Skyrocket, Slice Past Key Technical Barriers Like Knife Through Butter
Tuesday, October 24, 2023 - 11:33am | 691Bitcoin-related stocks saw a major surge on Tuesday, riding the wave of strong bullish momentum in the cryptocurrency market. This upswing was primarily driven by increasing optimism surrounding the potential approval of the first spot Bitcoin exchange-traded fund (ETF) by the SEC. Companies like...
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Bitcoin's Brief Spikes On Alleged Good News Quickly Reversed, Notes Peter Schiff: 'How Many More Times Will The Crypto Lemmings Be Fooled'
Thursday, August 31, 2023 - 9:36pm | 702Peter Schiff, a prominent gold advocate, has once again expressed his skepticism about Bitcoin (CRYPTO: BTC), suggesting that the leading cryptocurrency holds no real-world utility. What Happened: On Thursday, Schiff took to Twitter to voice his thoughts on Bitcoin. He dismissed the idea that...
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Bitcoin Gains Unexpected Allies As Financial Giants Turn From Skeptics To Supporters
Sunday, July 2, 2023 - 10:17am | 843Bitcoin (CRYPTO: BTC), the world's largest digital currency with a market cap of more than $592 billion, has seen a remarkable rise in popularity and value among financial institutions. According to crypto purchasing platform Swan Bitcoin, institutional investors have been feeling the FOMO, or...