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Peter Schiff Predicts Bitcoin ETF Selloff to Overwhelm Spot Market

Bitcoin skeptic Peter Schiff predicts a significant selloff in Bitcoin ETFs, leading to a market crash. He argues that ETF liquidations could overwhelm spot markets, especially after recent price declines.

💡Schiff highlights that Bitcoin's volatility makes it unsuitable as a reserve asset for governments or central banks, contrary to proposals like Senator Cynthia Lummis' strategic Bitcoin reserve.$BTC