From Investing.com: 2024-06-29 09:00:26

Investor Peter Schiff criticizes Bitcoin’s poor Q2 performance, noting a 15% value drop compared to gold’s 4% gain. Schiff warns investors who switched from gold ETFs to Bitcoin ETFs are now 20% worse off. Bitcoin’s price fell from $71,000 to $60,800, a 14% drop from its all-time high. Analysts see it as part of a larger bull market despite corrections. CryptoQuant’s Julio Moreno cites a decrease in Bitcoin demand, linking it to the recent price correction.

Read more at Investing.com: Peter Schiff Has Some Bad News for Bitcoin ETF Investors By U.Today