Peter Schiff says Bitcoin could hit $10 million if this happens
After Bitcoin (BTC) failed to live up to the hype of the recent launch of the first spot Bitcoin exchange-traded fund (ETF) in the United States, economist and prominent critic of the maiden cryptocurrency Peter Schiff has gone into an ‘I told you so’ mode, rubbing the losses into the crypto community’s nose. Indeed, Schiff recently said the crypto industry ridiculed his earlier warning that the price of Bitcoin would fall victim to the ‘buy the rumor, sell the news’ sentiment after the United States Securities and Exchange Commission (SEC) gave the green light to the 11 spot Bitcoin ETFs: “The Bitcoin ‘experts’ who ridiculed me and anyone else who claimed the new Bitcoin ETFs would be a ‘buy the rumor, sell the news’ event are now dismissing the significance of the decline, claiming it’s just a classic ‘buy the rumor, sell the news’ event that was to be expected.” Bitcoin: $0 or $10 million? With this in mind, he insisted on his earlier belief that the maiden crypto asset would...