Bitcoin's recent surge, approaching its all-time high, is partly driven by heightened demand for spot Bitcoin ETFs. The SEC's approval of these ETFs in January has paved the way for significant institutional investments, with industry giants like BlackRock and Fidelity leading the charge.

These ETFs offer investors a safer avenue to participate in Bitcoin, attracting billions of dollars in deposits. Unlike futures-based ETFs, spot ETFs are backed by actual BTC, contributing to the cryptocurrency's price rally.

Renowned author Robert Kiyosaki predicts a shake-up in the U.S. economy, foreseeing substantial gains for Bitcoin and silver while anticipating a drop in gold below $1,200. His preference for tangible assets over traditional financial instruments echoes the ongoing debate about cryptocurrencies' role in hedging against economic uncertainties.

In contrast to Kiyosaki's optimism, prominent economist and gold advocate Peter Schiff issues a stark warning for investors caught up in the Bitcoin frenzy, especially those betting on cryptocurrency ETFs.

Schiff argues that Bitcoin's recent price surge, surpassing $67,000 amid fervor over Bitcoin ETFs, might signal an impending reversal. He views ETFs as essentially driving Bitcoin's rise but potentially triggering a downturn due to a supply-demand imbalance when investors opt to sell.

Amid the Bitcoin fervor, Schiff criticizes the media for diverting attention from gold's surge above $2,100, emphasizing that cryptocurrency hype obscures gold's value as a traditional safe-haven asset. He predicts that once the Bitcoin bubble bursts, and focus returns to gold, retail investors will face much higher entry prices into the gold market.

Schiff's pessimistic outlook contrasts sharply with the overall enthusiasm for Bitcoin. However, it's worth noting that his past Bitcoin predictions haven't aged well.

Additionally, the upcoming Bitcoin halving event, historically associated with significant price increases, continues to draw interest from investors and analysts.

As of the time of writing, the price of Bitcoin (BTC) stands at $66,154.25, marking an 18.86% surge over the past 7 days, with a market capitalization of $1.29 trillion, according to data from CoinGecko.