Bitcoin skeptic and gold bug Peter Schiff is unwittingly advertising the cryptocurrency's virtues over other investments, says the CEO of exchange Binance.
In a tweet on Jan. 25, Changpeng Zhao argued Schiff was failing in sewing distrust of Bitcoin among social media followers and beyond.
"I think Peter is doing great to promote bitcoin. He probably does not realize that given his illogical reasoning, most people will do exactly opposite of what he says," he wrote.
The Euro Pacific Capital hedge fund manager was already somewhat notorious for his posts attacking Bitcoin which claim gold to be superior.
Last week Schiff was already undermining his credentials after blaming wallet provider Blockchain for "Losing" his Bitcoin holdings worth 0.21 BTC he received in the form of donations in 2019.
In the event, Schiff had simply confused his pin with his password.
He continued to allege that Bitcoin investors were the true ignorant party for choosing cryptocurrency over the precious metal.
Currently doing the rounds on Twitter is a selection of client reviews for Euro Pacific Capital, many of which claim Schiff failed to react to market movements and lost them money.
"Just stick with bonds or S&P, or if you must have international stock, then find a more reputable international stock dealer. This company is a loser, except for Peter Schiff and the brokers who work there," one review reads.
As Cointelegraph reported, gold itself has failed to deliver for investors in 2020 already, firmly flagging while Bitcoin boomed.
Bitcoin 'Needs More' PR from People Like Peter Schiff: Binance CEO
Publié le Jan 25, 2020
by Cointele | Publié le Coinage
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