Peter Schiff cautions against investing in Bitcoin ETFs, highlighting the mantra “Not your keys, not your coins.” This phrase emphasizes the importance of owning and controlling your private keys when it comes to cryptocurrencies. By owning Bitcoin ETFs, investors essentially hand over control of their coins to a third party, which goes against the core principle of decentralization that Bitcoin was built upon. Schiff’s warning serves as a reminder for individuals to be cautious and mindful of where and how they store their digital assets.
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