Author: Elena R
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
May 21, 2024 19:19
Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.
The US investment broker and financial analyst Peter Schiff is once again in the news for his comments on X regarding the Ethereum ETF approval and its linkage to Bitcoin. Schiff believes that Bitcoin has gained renewed strength from the rumors of a potential Ethereum ETF approval. He further states that any money used to buy new Ether ETFs will most likely come from exiting Bitcoin ETFs, suggesting that investors who have allocated funds to crypto will not increase that allocation to buy Ether. However, some users on X disagreed with Schiff, stating that Bitcoin’s price affects Ether, not the other way around.