American economist Peter Schiff believes Bitcoin is losing value and has issued a warning to Bitcoin ETF holders. He claims that things don’t look very promising and advises hoping that Bitcoin can hold the $60,000 level. A decline won’t be a shock for experienced investors, but it will be an unpleasant surprise for newcomers. Schiff pointed out that seasoned Bitcoiners are accustomed to major drops, but newcomers will face a “bitter disappointment.”
While Peter Schiff may be right in some respects, it’s important to remember that he has long held a bearish stance on Bitcoin. Therefore, his analysis should be approached with skepticism, and it’s advisable to conduct your own research before investing.