Peter Schiff, a gold-supporting economist and cryptocurrency critic, recently made some predictions about Bitcoin's (BTC) rally. BTC had already hit the $38,000 mark and is currently trading at over $35,000, due to speculation that the BlackRock ETF could be finalized soon. According to Schiff, the actual approval of the ETF could cause Bitcoin prices to fall, as all the speculators would already have taken their positions. He also warned potential investors to be prepared for the collapse. Nevertheless, BTC has seen an increase of over 30% in price in the last month, despite Schiff’s pessimism.



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