A man named Peter Schiff, who thinks gold is very important and likes it a lot, wrote something on social media. He said that if people are allowed to buy and sell a thing called Ethereum in a special way called an ETF, then the value of another thing called Bitcoin might go down. Some people who like Bitcoin don't agree with him and laugh at his idea. Read from source...

- Schiff claims that an Ethereum ETF approval would sink Bitcoin, but he fails to provide any logical reasoning or evidence for this claim. He seems to be driven by his personal dislike of cryptocurrencies and his belief in gold as the ultimate store of value. This makes his argument unfounded and unconvincing.
- Schiff also ignores the fact that Ethereum and Bitcoin have different use cases, networks, and communities. They are not direct competitors, but rather complementary assets in the crypto ecosystem. An Ethereum ETF approval would likely attract more investors and institutional adoption to both Ethereum and the broader crypto market, benefiting Bitcoin as well.
- Schiff's fear of losing gold's dominance is understandable, but it does not justify his negligence of the potential benefits that cryptocurrencies can bring to society. He seems to be stuck in the past and unable to adapt to the changing financial landscape. This makes him a poor source of investment advice and a biased commentator on crypto matters.
- Schiff's tone is also very hostile and dismissive towards Bitcoiners, which shows his lack of respect for their opinions and beliefs. He uses derogatory terms like "King Crypto" to mock them, which only reveals his insecurity and frustration with the rising popularity of cryptocurrencies.
- Schiff's article is ultimately a poor attempt to discredit Ethereum and Bitcoin, but it fails to achieve its intended purpose. Instead, it exposes his ignorance, bias, and emotional instability on the topic of cryptocurrencies.

- Invest in Bitcoin (BTC) as it is the dominant cryptocurrency and has strong network effects, security, and adoption. It is also expected to benefit from increased institutional demand and regulatory clarity. BTC has a market capitalization of over $1 trillion and a total supply of 21 million coins, which makes it scarce and valuable.
- Invest in Ethereum (ETH) as it is the second-largest cryptocurrency by market capitalization and has a growing ecosystem of decentralized applications, smart contracts, and Web3 infrastructure. ETH has a market cap of over $200 billion and a total supply of 128 million coins, which makes it more abundant than BTC but still valuable due to its network effects, utility, and innovation.
- Invest in other altcoins as they provide exposure to different segments of the crypto market, such as privacy, scalability, interoperability, governance, and gaming. Altcoins have higher risk and volatility than BTC and ETH, but also higher potential rewards for early adopters and believers in their visions. Some examples of altcoins are Litecoin (LTC), Cardano (ADA), Chainlink (LINK), Polkadot (DOT), Uniswap (UNI), and Binance Coin (BNB).
- Diversify your crypto portfolio by allocating a portion of your capital to different coins, sectors, and strategies. This can help reduce the overall risk and increase the potential return of your investments. You should also consider your personal preferences, risk tolerance, and investment goals when diversifying your crypto portfolio.
- Monitor the market trends and news closely to identify opportunities and risks in the crypto space. Pay attention to the developments around ETH ETFs, as they could have a significant impact on the price of BTC and other cryptos. You should also be aware of the regulatory environment, geopolitical events, and adoption trends that affect the crypto market.