Peter Schiff Predicts Bitcoin Crash from ETF Liquidity Crunch, Sees MicroStrategy Bankruptcy

Peter Schiff predicts Bitcoin ETFs will lead to its biggest crash ever as speculative buyers sell and ETFs are forced to sell Bitcoin in the spot market.

Schiff believes there won't be enough liquidity in the market to absorb the Bitcoin selling, leading prices to crash.

Schiff thinks MicroStrategy will eventually go bankrupt due to Bitcoin crashing and MicroStrategy's balance sheet leverage.

Schiff calls Bitcoin a "Digital Ponzi" and "pyramid scheme."

Schiff compares Bitcoin's risk/reward to gold and thinks Bitcoin can never hit a new high priced in gold, undermining the "digital gold" case.