Things could be getting worse for Bitcoin despite the bullish signals
Economist Peter Schiff issued a warning predicting a bleak outlook for Bitcoin (BTC) investors.
He noted that those who switched from gold ETFs to Bitcoin ETFs at the end of the first quarter are now 20% worse off.
Schiff emphasized that this trend could worsen, noting that while gold had gained 4% by the end of the second quarter, Bitcoin has fallen by over 15%.
#Gold closed Q2 with a 4% gain. # Bitcoin still has two more days left to trade, but as of now it's down over 15%. Investors who sold gold ETFs at the end of Q1 to buy Bitcoin ETFs are 20% worse off. The bad news for those investors is that it will likely get much worse from here.
- Peter Schiff (@PeterSchiff) June 28, 2024
Despite Schiff's pessimism, Lekker Capital's Quinn Thompson expressed optimism, predicting significant growth in the cryptocurrency market until the US presidential election in November.
Toy thinks , че настоящият пазар предоставя една от най-привлекателните възможности за покупка в последно време.
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Solana integrates Worldcoin ID into its ecosystemThese contrasting viewpoints highlight the volatile and unpredictable nature of the cryptocurrency market, with some experts seeing the potential for a strong year-end performance despite the current bearish sentiment.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
