Peter Schiff Keeps Slamming Bitcoin (BTC), While CZ Binance Praises Him for It, Here’s Why

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Sat, 01/25/2020 - 09:56
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Yuri Molchan
The Euro Pacific Capital CEO Peter Schiff continues with his anti-Bitcoin campaign but CZ Binance says this is actually good for crypto, here’s the reason why
 Peter Schiff Keeps Slamming Bitcoin (BTC), While CZ Binance Praises Him for It, Here’s Why
Cover image via www.facebook.com

After the prominent Bitcoin hater, Peter Schiff, finally provided the explanation why he was unable to access his Bitcoin wallet (containing just around $50 in BTC), tons of rebukes flooded on him from the crypto community. People keep saying that if Schiff cannot tell the difference between a pin code to the wallet and a password to it, his advice on Bitcoin is not worth reading.

In his recent tweet, he insists that knowing how a Bitcoin wallet works is not necessary to understand economics, still standing his ground that gold is superior to BTC.

The chief executive of Binance, CZ, is praising the Euro Pacific Capital CEO for it, saying that he should carry on with what he is doing to the Bitcoin community.

Schiff still prefers gold over BTC

Taking to his Twitter account again recently, Peter Schiff insists that gold is superior to Bitcoin and that you do not have to tell a pin code to a password of a crypto wallet to understand this basic principle.

Schiff 1
Image via Twitter

CZ Binance encourages Schiff to continue

The Binance CEO believes that Bitcoin haters like Schiff are doing a good job for Bitcoin promotion. CZ states that Schiff’s arguments against Bitcoin are illogical and that people would simply do the opposite of his anti-Bitcoin Twitter posts.

CZ Binance
Image via Twitter

Peter Schiff and Justin Sun share ‘the best’ crypto charts

A short while ago, the Trading View Twitter profile asked its subscribers to name the person on crypto Twitter who shares the best charts.

Crypto analyst @CryptoMichNL put up a sarcastic response, tagging Peter Schiff and the Tron founder Justin Sun.

Schiff and Sun
Image via Twitter
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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.