{"id":603349,"date":"2024-04-16T00:00:02","date_gmt":"2024-04-16T00:00:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=603349"},"modified":"2024-06-11T07:02:56","modified_gmt":"2024-06-11T07:02:56","slug":"analysts-bullish-on-bitcoin-despite-peter-schiffs-20000-doom-scenario","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/analysts-bullish-on-bitcoin-despite-peter-schiffs-20000-doom-scenario\/","title":{"rendered":"Analysts Bullish On Bitcoin Despite Peter Schiff\u2019s $20,000 Doom Scenario"},"content":{"rendered":"

Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the \u201cHalving\u201d event.<\/p>\n

Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct and presented the possibility of a doom drop for BTC.<\/p>\n

Peter Schiff\u2019s Doomsday Prediction For Bitcoin<\/h2>\n
Back in March, known Bitcoin opposer Peter Schiff asserted<\/a> what he thought was the problem with Bitcoin ETFs. According to the economist, the problem with owning these investment products was that liquidity was limited to US market hours, which would mean that investors could not sell if the market crashed overnight.<\/p>\n
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As I warned if #Bitcoin<\/a> starts selling off tonight, #BitcoinETF<\/a> owners can do nothing but watch and wait until the NYSE opens tomorrow morning. In the meantime it will be a long night hoping that Bitcoin doesn't crash before they have a chance to sell. https:\/\/t.co\/GfLtl6Wc1S<\/a><\/p>\n
— Peter Schiff (@PeterSchiff) April 14, 2024<\/a><\/p><\/blockquote>\n