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Peter Schiff Slams Wall Street Bitcoin Bets as Crypto Tanks Below $35K
['Dan Saada']
The Currency analytics
Bitcoin keeps bleeding.
Schiff thinks Wall Street got way too cozy with Bitcoin and basically fooled regular investors into believing the hype.
The SEC still hasn’t approved a Bitcoin spot ETF, which would give traditional investors easier access to crypto exposure.
Buffett’s comments carry weight with traditional investors who already think crypto is too risky for serious portfolios.
He thinks Bitcoin’s volatility is baked into its DNA and won’t go away no matter how many institutions adopt it.