Gold advocate and Bitcoin (CRYPTO: BTC) critic Peter Schiff on Thursday, ridiculed the miners, questioning the drop in Bitcoin mining stocks, particularly as the leading cryptocurrency witnessed a surge.
What Happened: Schiff on X said, “What’s going on with Bitcoin miners? , a Bitcoin miners ETF is down 22% from its high just two days ago. Is this a sign of trouble ahead for #Bitcoin itself and for all of those new #BitcoinETFs?”
What's going on with Bitcoin miners? , a Bitcoin miners ETF is down 22% from its high just two days ago. Is this a sign of trouble ahead for #Bitcoin itself and for all of those new #BitcoinETFs? — Peter Schiff (@PeterSchiff) March 1, 2024
On Thursday Valkyrie Bitcoin Miners ETF (NASDAQ:WGMI) ended the day 8.39% down.
Schiff referred to ...