Image Credit: Market Watch

Jan 17, 2024

Peter Schiff's Bitcoin Alert: Regulatory Threats & Decline

By: Bhumi Shrivastava

SEC Chair Gensler's actions raise concerns of more stringent measures.

Gensler's Influence

Image Credit:  CNBC

Bitcoin's commodity classification may face AML-focused regulations, Schiff suggests.

AML Challenges

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Schiff questions Bitcoin's value and highlights complexities in direct purchases.

Value Doubts

Image Credit:  Bloomberg.com

Third-party custodianship contradicts Bitcoin's intermediary elimination premise.

Custodianship Contradictions

Image Credit:  Crypto News

Schiff joins El-Erian in doubting Bitcoin's utility as a currency.

Utility Questions

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Schiff anticipates Bitcoin ETF inflows shifting from other proxies.

ETF Inflow Shifts

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