The best solution for people like Peter Schiff is to stop giving them attention, as most of his statements are so stupid that others respond to him and his name appears in articles and on channels as a “Bitcoin hater.” If Bitcoin is this bad, there is no need to express your opinion every week. if I don't like something, I will comment on it once or twice and stop following its news.I think Peter Schiff is now the official anti-Bitcoin evangelist so if we have Robert Kiyosaki always on the news praising Bitcoin, sliver and gold, we have this man who has the propensity to say anything against Bitcoin so as to make it bad though of course the market is not responding well to his pronouncements as the rise and growth of Bitcoin eclipse that of gold, his preferred investment vehicle. As pointed in the article, this area where the man is criticizing is actually also so true with other types of ETFs including that of gold...so what gives? For sure, Peter will say anything negative on Bitcoin and things related to it, no matter what. Next time we know he will even be criticizing even the very name of Bitcoin...and that would be so hilarious.
I agree with him. If someone especially spend lots of money on Bitcoin ETF and already have security awarensss (e.g. to secure their phone or account used to buy ETF), learning to be self-custodial also could help them avoid fee imposed by the ETF and other 3rd party.Bitcoin spot ETFs fees between 0.19% to 1.50% It is true that the amounts may be large depending on the investments, but for a user who does not know much about cryptocurrencies, I think they are reasonable, especially since investors have a background in highly regulated financial markets.
I agree with him. If someone especially spend lots of money on Bitcoin ETF and already have security awarensss (e.g. to secure their phone or account used to buy ETF), learning to be self-custodial also could help them avoid fee imposed by the ETF and other 3rd party.Bitcoin spot ETFs fees between 0.19% to 1.50% It is true that the amounts may be large depending on the investments, but for a user who does not know much about cryptocurrencies, I think they are reasonable, especially since investors have a background in highly regulated financial markets.
Peter Schiff Highlights Problem With Owning Bitcoin ETF — BTC Investors Respond Self-Custody Is Key
Gold bug Peter Schiff has highlighted a problem with owning spot bitcoin exchange-traded funds (ETFs). However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs. This discussion has reignited calls for self-custody among crypto proponents. See more for yourself here (https://news.bitcoin.com/peter-schiff-highlights-problem-with-owning-bitcoin-etf-btc-investors-respond-self-custody-is-key/).
Your opinion is greatly appreciated.
However, the issue Schiff pinpointed isn’t unique to bitcoin ETFs.Good that the fact that the problems highlighted by him are not unique to bitcoin ETF's because his statements would have been hugely discouraging to many. I perceive he has some personal issues against bitcoins hence this opinion.
I agree with him. If someone especially spend lots of money on Bitcoin ETF and already have security awarensss (e.g. to secure their phone or account used to buy ETF), learning to be self-custodial also could help them avoid fee imposed by the ETF and other 3rd party.Bitcoin spot ETFs fees between 0.19% to 1.50% It is true that the amounts may be large depending on the investments, but for a user who does not know much about cryptocurrencies, I think they are reasonable, especially since investors have a background in highly regulated financial markets.
That's good point. But AFAIK ETF market also doesn't open 24/7, which leave all ETF investor on disadvantage.