Economist Peter Schiff issues a warning, predicting a bleak outlook for Bitcoin (BTC) investors.
He noted that those who shifted 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, highlighting that while gold closed Q2 with a 4% gain, Bitcoin has dropped by over 15%.
Despite Schiff’s pessimism, Quinn Thompson from Lekker Capital expressed optimism, forecasting significant market growth in cryptocurrencies leading up to the US presidential elections in November.
These contrasting views underscore the volatile and unpredictable nature of the cryptocurrency market, with some experts seeing potential for strong performance by year-end despite current bearish sentiments.
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