The post Peter Schiff’s Warning: Another Bitcoin Crash on the Horizon? appeared first on Coinpedia Fintech News
Over $500 million worth of crypto positions were lost in just 24 hours, sending the crypto markets into a tailspin as BTC prices dropped sharply. This has made many investors question the future of their investments, wondering if the correction is as brief as experts have been saying.
What is more scary is that many people didn’t even see this big correction coming. Just when Bitcoin appeared to be stabilizing above $70,000, the market took a nosedive, and it is currently barely holding on to $63,000.
#Bitcoin has fallen 15% from its peak price of just under $74K, without a single day of outflows from any of the new #BitcoinETFs. (not counting $GBTC). Image how much more Bitcoin would have fallen without ETF buying. Now image what happens when all Bitcoin ETFs have outflows.
— Peter Schiff (@PeterSchiff) March 19, 2024
Historically, a Big Correction Po
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