Peter Schiff: The U.S. Securities and Exchange Commission's promotion of tokenized stocks may be bearish for Bitcoin
According to Cointelegraph, renowned gold bull and economist Peter Schiff stated that the announcement from the U.S. Securities and Exchange Commission regarding tokenized stocks could be bearish for Bitcoin. He believes that tokenized securities can offer similar convenience to Bitcoin while having a more reliable underlying asset value, which may weaken Bitcoin's appeal.
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