Peter Schiff: ETFs Contradict Bitcoin's Decentralisation Initiative
Economist Peter Schiff said in a social media post that ETFs defeat the purpose of Bitcoin, which is no longer decentralised, is not peer-to-peer, is easily confiscated, cannot be used as a payment currency, cannot be transferred across borders, and users no longer have private keys and therefore no longer own their coins.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Goldman Sachs: The possibility of a Fed rate cut in December still exists
Jay Hatfield: There will be four rate cuts next year after the new Federal Reserve Chair takes office
Federal Reserve's Harker: Rate cuts could prolong high inflation
Bridgewater founder: Bitcoin holdings account for about 1% of investment portfolio