Peter Schiff Warns of Bitcoin and Ethereum Liquidation Risk

Peter Schiff, a prominent economist known for his gold advocacy, has issued a stark warning about the potential for massive losses in the cryptocurrency market. He emphasizes that borrowing against Bitcoin without selling it could expose investors to extreme risk during a market downturn. If prices decline significantly, investors will face forced liquidation at deeply discounted prices, triggering further selling pressure and exacerbating the overall market collapse.