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Why Invest in a Bitcoin ETF?
US financial commentator Peter Schiff responded to the famous economist and examined what ETF investors invest for.
Economist Peter Schiff tweeted on Jan. 11 in response to comments from Allianz Chief Economic Advisor Mohamed El-Erian.
According to Schiff, Al-Erain told CNBC that the launch of the 11 spot Bitcoin ETFs is a milestone and increases the importance of Bitcoin as an investment. El-Erian also stated that Bitcoin is far from becoming a real currency.
Shiff, on the other hand, used the following sentences in response to these comments:
If Bitcoin isn't a digital currency, what exactly are ETF investors buying for?
Peter Schiff also reacted to a comment on social media. The user said that Bitcoin investments are realized as a store of value and an inflation hedge.
Schiff made a similar comment and made the following statements:
But if it's not a currency, does it have value that investors are hiding?
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