Peter Schiff Warns: Smart Money Sells While ETFs Put Retail Investors at Risk 💼

Economist Peter Schiff warns that savvy investors are selling, while inexperienced ETF investors may be left holding the bag in Bitcoin-related funds. Find out why Schiff believes retail investors could face losses.

Benzinga361 views0:46

About this video

Economist and staunch Bitcoin critic Peter Schiff recently expressed concerns over ETF investors being set up to bear the brunt of losses.

What Happened: On Sunday, Schiff took to X to share his observations on the current trading patterns and ETF inflows of Bitcoin. He suggested that while the “smart money” is selling Bitcoin in the spot market, the “dumb money” is buying it through ETFs.

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361

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Duration
0:46

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Published
Jul 8, 2024

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