In an intriguing turn of events, Peter Schiff, a renowned crypto critic, recently took to a post on X, stating Bitcoin’s recent price rally to be a ploy to magnetize ETF investors, deeming the rally to be short-lived while also anticipating a slump in BTC price ahead. This remark by the crypto critic, coming in tandem with BTC’s recent price rally, has raised concerns among investors, questioning the volatile nature of the broader crypto market.
Peter Schiff Warns Of A BTC Price Slump Ahead
According to the crypto critic’s statement, Bitcoin appears to have noted a pump overnight, likely following gold’s recent rally to new record highs. This rapid rise in Bitcoin’s price orchestrated only to entice ETF investors into buying the market at inflated prices, per Peter Schiff. However, a slump in the BTC price looms shortly ahead, the BTC critic pointed out stating, “Get ready for the dump.”
It looks like #Bitcoin got pump up overnight following the #gold rally to new record
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