Bitcoin news

Binance CEO Says Peter Schiff Is Helping Promote Bitcoin

Bitcoin News

Peter Schiff is an outspoken opposition to bitcoin and cryptocurrency a large. The Euro Pacific Capital, hedge fund manager, has not held back his distaste for the digital currency stating that it would never reach the heights achieved the gold,

However, despite Schiff’s effort to play down Bitcoin, Binance CEO, Changpeng Zhao (CZ) feels his actions and words will only help to promote bitcoin even further. He said Schiff is inadvertently advertising the cryptocurrency over other forms of investment. 

“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 said. “We need more of these types of ‘negative’ voices.”

Helping With The Publicity 

Changpeng Zhao meanwhile insists that Schiff is helping promote bitcoin rather than do the opposite.

Schiff continues to insist that all Bitcoin investors are the truly ignorant ones. He further mentioned that anyone who understands how the world works would never choose cryptocurrency over any precious metal like gold. 

“Bitcoin bugs are saying I’m not qualified to advise about Bitcoin because I don’t know the difference between a pin and a password. I know the difference now and my advice hasn’t changed,” Schiff said. “But those Bitcoin bugs still don’t know… the difference between Bitcoin and gold.”

 

 


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