Despite bullish signals the situation of Bitcoin may worsen

Economist Peter Schiff has 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 have now seen a 20% deterioration in their situation. Schiff emphasized that this trend could worsen, pointing out that while the price of gold rose by 4% at the end of the second quarter, Bitcoin has already fallen by more than 15%. #Gold ended the second quarter up 2%. #Bitcoin, with two days left to trade, has so far fallen by over 15%. For investors who sold gold ETFs and bought Bitcoin ETFs at the end of the first quarter, their situation has worsened by 1%. The bad news for these investors is that things could get even worse.
– Peter Schiff (@PeterSchiff)
June 28, 2024
Despite Schiff’s pessimistic view, Quinn Thompson of Lekker Capital expressed optimism, expecting significant growth in the cryptocurrency market before the US presidential election in November. He believes that the current market offers one of the most attractive buying opportunities in recent times. Read more:

Solana integrates Worldcoin ID into its ecosystem. These starkly different views highlight the volatility and unpredictability of the cryptocurrency market, with some experts believing that despite the current bearish market sentiment, there is potential for strong performance by the end of the year.