Crypto Market’s Bull Run: Peter Schiff’s Skepticism vs. Positive BTC ETF News

Renowned Bitcoin critic and market analyst, Peter Schiff, expressed his pessimism regarding the recent price rally of Bitcoin and altcoins in general. In his view, rallies end when the lowest quality assets join in, and he suggests that there’s nothing of lower quality than crypto. Peter Schiff and the State of Bitcoin Schiff’s remarks have triggered some reactions within the crypto community. Despite Schiff’s consistently bearish predictions on BTC, the crypto industry seems to be exploring new territories this season. In a significant development, the U.S. Securities and Exchange Commission (SEC) approved the 2x Bitcoin Strategy Exchange Traded Fund (ETF), also known as BITX, earlier today. The green light paves the way for the launch of the Volatility Shares ETF on Tuesday, June 27, 2023. Notably, this ETF has been granted the status of being the first leveraged crypto ETF to receive approval from the SEC. BlackRock Leads Other Applications […] The post Crypto Market’s Bull Run: Peter Schiff’s Skepticism vs. Positive BTC ETF News appeared first on COINTURK NEWS.