Gold investor Peter Schiff has expressed concerns that the approval of a spot Bitcoin exchange-traded fund (ETF) could have a detrimental impact on the BTC market. Schiff, a self-proclaimed “gold bug,” believes that if the US Securities and Exchange Commission (SEC) were to give the green light to a Bitcoin ETF, it could potentially lead to a collapse in the market. Meanwhile, Matrixport, a digital asset financial services platform, has stated that despite general optimism, it is unlikely that the SEC will approve a spot Bitcoin ETF before the second quarter of this year.
HomeDIGITAL ASSETS REGULATORYworldwide-stablecoinPeter Schiff's opinion on the possible Bitcoin price crash caused by the...