Peter Schiff, financial expert and implacable critic of bitcoin, complained that the media are too focused on bitcoin.
CNBC's audience into buying Bitcoin. Despite gold being a lot larger market, CNBC devotes far more airtime to Bitcoin. The Chinese aren't buying a bitcoin as a safe haven. Speculators are buying, betting you a safe haven!
– Peter Schiff (@PeterSchiff) August 5, 2019
“CNBC is struggling to fool its audience by inclining to buy Bitcoin. Despite the fact that gold is a much larger market, CNBC allots much more air time to Bitcoin. ”
He also disagreed with the opinion that the Chinese consider Bitcoin as a safe asset, selling the yuan for cryptocurrency .
"They are buying speculators in anticipation that the Chinese will buy it as a defensive asset!"
Not surprisingly, outraged comments did not take long:
Nope Wrong peter!
He is buying it
– CRYPTO BITLORD (@Crypto_Bitlord) August 5, 2019
"Not. Wrong, Peter! My friend Chan lives in China and buys it [Bitcoin] "
Thanks Peter for spreading the word of bitcoin!
– cloud (@cloudatior) August 5, 2019
“Thank you, Peter, for spreading the word Bitcoin!”
This guy is Warren Buffet when he didn’t invest in Google and Apple a decade ago. pic.twitter.com/wFYyrT4hxQ
– CoinDoggie⚡️ (@ SunsetZen1) August 5, 2019
“This guy is Warren Buffet, who was not going to invest in Google and Apple ten years ago.”
Recall recently Peter Schiff expressed regret that he missed the opportunity to invest in Bitcoin, when he was worth only $ 10.
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