The gold bug believes that Mt. Gox repayments alone would not be able to inflict such significant damage if there was substantial institutional buying."If such demand really did exist, buyers would jump at the chance to buy the Mt. Gox Bitcoin off market," Schiff said. Dogecoin Founder Opposes 'Dark' Crypto Holders 'Diagnosis' From Study: Details, the largest cryptocurrency slipped to a five-month low of $53,330 on the Bitstamp exchange on July 5 after Mt.
Earlier this week, Schiff stated that Bitcoin ETF buyers likely kept holding their coins based trading activity. The financial commentator predicted that it would take a much steeper Bitcoin drop for their eventual capitulation. Schiff is convinced that such a dramatic price plunge could occur as soon as this week. the narrative that there is no demand for Bitcoin ETFs given that they occupy the top spots this year after hundreds of launches.
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