Peter Schiff Warns of Crypto Market Crash: FED’s Action Under Scrutiny
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Market analyst Peter Schiff has raised alarms regarding the potential crashes in markets for gold, silver, and Bitcoin. Schiff attributes these predictions to a weaker dollar, rising oil costs, and concerns about the U.S. economy, especially if Donald Trump comes back to power. He also foresees a tough scenario for Ethereum (ETH) ETFs recently announced.
Schiff's critique focuses on Federal Reserve actions which he believes might not mitigate the impending economic challenges. According to Schiff, the market instabilities are intertwined with broader economic issues, making the future look bleak for these assets.
Besides the cryptocurrency market, Schiff extends his concerns to traditional assets like gold and silver, painting a picture of widespread financial turbulence. His predictions hinge largely on macroeconomic variables and policy decisions.
Source: coinpedia.org ↗
