Peter Schiff, founder of Euro Pacific Capital, is bearish on all cryptocurrencies. The expectation of a rise in Bitcoin spot ETF has not changed his stance. Schiff stated that the final approval by the U.S. Securities and Exchange Commission will end the rise of Bitcoin spot ETF. Once BTC is actually approved as a spot ETF product, the rise will lose momentum. He also pointed out that cryptocurrency traders may start selling and taking profits before the U.S. Securities and Exchange Commission approves. When asked the question "How much Bitcoin do you own?" in the subsequent X topic, Peter Schiff replied, "None."
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Peter Schiff: SEC’s final approval of Bitcoin spot ETF will end rally
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