Peter Schiff: Bitcoin spot ETF outflows will put significant downward pressure on Bitcoin

Gold advocate and economist Peter Schiff predicted an explosive rally in gold and silver prices, encouraging investors to "take advantage of what may be the largest precious metals bull market in history".
Peter Schiff also reiterated his pessimistic view of Bitcoin. Bitcoin is dead money, he said. Sell it before it's buried. When Bitcoin (spot) ETFs launched four months ago, there were no sellers, only buyers. But now many investors hold these ETFs, and the supply of potential sellers is large. But with less demand from new buyers, the outflow of funds from ETFs will soon put significant downward pressure on Bitcoin.