Gold advocate and Bitcoin BTC/USD critic Peter Schiff on Thursday, ridiculed the miners, questioning the drop in Bitcoin mining stocks, particularly as the leading cryptocurrency witnessed a surge.

What Happened: Schiff on X said, “What’s going on with Bitcoin miners? $WGMI, a Bitcoin miners ETF is down 22% from its high just two days ago. Is this a sign of trouble ahead for #Bitcoin itself and for all of those new #BitcoinETFs?”

On Thursday Valkyrie Bitcoin Miners ETF WGMI ended the day 8.39% down.

Schiff referred to Bitcoin as the “ultimate bubble,” suggesting it as a reason for its market presence. 

“Typically, when an asset bubble develops, there’s at least some underlying…

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