Gold bug and economist Peter Schiff anticipates a potential drop in Bitcoin’s (CRYPTO: BTC) value following the Securities and Exchange Commission’s (SEC) approval of several spot Bitcoin ETFs as a precursor to stricter crypto regulations. What Happened: Schiff on Tuesday posted on X, “Since Gary Gensler was backed into a corner on spot #BitcoinETFs approval, I think he will soon introduce new onerous crypto regulations that will substantially increase the cost of Bitcoin transactions, further undermining its ‘use’ case, resulting in a sharp decline in price.” This is not the first time Schiff…
