Peter Schiff questions Bitcoin ETF demand and $100K BTC price target
Schiff cited a downturn in the price of Bitcoin-linked equity markets without specifying a time frame for his shared data.
Gold proponent Peter Schiff has questioned market pundits who have set a Bitcoin (BTC) price target of $100,000 for this bull run.
Schiff also took a dig at spot Bitcoin exchange-traded funds (ETFs) and the demand created by them the current market.
Schiff is a known Bitcoin critic and often questions its market value and real-world use cases. Amid the ongoing bull run, Schiff called out analysts who claimed BTC price could surpass $100,000, boosted by the significant demand created by spot BTC ETFs.
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