- Bitcoin experienced heavy selloffs in the last days following Iran’s attack on Israel.
- Peter Schiff comments on US investors’ helplessness in liquidating crypto if the market crashes overnight.
- Schiff posits that investments in actual Bitcoin are much better than investing in Bitcoin ETFs.
Bitcoin experienced a heavy selloff last day following Iran’s missile and drone attack on Israel. Highlighting the seriousness of the matter, American stockbroker Peter Schiff shared insights on Bitcoin’s limitations that pose high risk to investors.
As I warned if #Bitcoin starts selling off tonight, #BitcoinETF owners can do nothing but watch and wait until the NYSE opens tomorrow morning. In the meantime it will be a long night hoping that Bitcoin doesn't crash before they have a chance to sell. https://t.co/GfLtl6Wc1S— Peter Schiff (@PeterSchiff) April 14, 2024
Iran’s recent attack on Israel with 170 drones, 30+ cruise missiles, and 120+ ballistic missiles into Israel has significantly impacted the crypto economy. Reports stated that the days following the Iranian attack saw the highest liquidations in 6 months, marking $1.5 billion in crypto liquidations.
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