Bitcoin Price Headed for Crash Before 2024 ETF Launch, Predicts Peter Schiff
-
Bitcoin skeptic Peter Schiff predicts a BTC price "crash" before the launch of a US Bitcoin ETF, expected in early 2024.
-
Though a Twitter poll showed most think BTC will continue rising, Schiff believes it will crash so investors can't profit from the ETF launch.
-
Some believe the ETF launch will be a "sell the news" event, with investors reducing exposure after approval.
-
AllianceBernstein analysts forecast a BTC peak of $150K in 2025, with slower ETF inflows building post-halving.
-
The current Bitcoin breakout is seen as the ETF approval news being slowly priced in by the market.