Schiff’s Negative Voices Promote Bitcoin, Says Zhao

Bitcoin opponent Peter Schiff said he failed to access his wallet after mistaking the password, which led him to severe criticism from the crypto community.

Some crypto enthusiasts claimed that Schiff does not know the difference between pin and password.

The crypto critic continued to claim that Bitcoin investors fail to choose their proper investments, and do not know the difference beween Bitcoin and gold.

However, Changpeng Zhao, founder of Binance, said Schiff is unwillingly promoting the Bitcoin, advising him to continue with his criticism.

Zhao said:

“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.”

Peter Schiff, who is also the CEO of Euro Pacific Capital, had earlier forecasted the orange coin to be “the worst performing asset” of the ongoing decade.

He also predicted the drop of the largest cryptocurrency will be “faster” this year.

Early in 2020, Bitcoin failed to go beyond $7,500 for the second time in a few days and continued to record further losses to slightly fall below $7,000.

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Rabea Maguid 551 Articles
Rabea Maguid is a journalist completely obsessed with crypto industry. He holds B.A. from Al-Azhar University, and has a background in journalism and economics. Rabea Maguid likes to think about the future in a positive way, and sees blockchain as a potential driver of deep societal change.