Binance CEO: Bitcoin Should be Advertised More by People Like Peter Schiff

According to the CEO of major exchange Binance, a well-known Bitcoin (BTC) critic Peter Schiff is unintentionally advertising the cryptocurrency’s benefits.

On January 25, Changpeng Zhao (called ”CZ” in the crypto community) tweeted, that Schiff was not so good at breeding distrust of Bitcoin among social media users.

CZ: We need more ”negative voices”

Here is the tweet of CZ:

It is worth noting, that the Euro Pacific Capital hedge fund manager also gained bad reputation due to his attacks on Bitcoin and claims about the superiority of gold.

Last week Schiff blamed Blockchain wallet provider for ”losing” his Bitcoin holdings worth 0.21 BTC ($1,750) he received as donation in 2019. In fact Schiff confused his pin and password.

Nevertheless, he proceeded to argue that Bitcoin holders are ignorant, as they choose Bitcoin over gold.

The following tweet was a source of inspiration to CZ: “Bitcoin bugs are saying I’m not qualified to give advice 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 added:

“But those Bitcoin bugs still don’t know… the difference between #Bitcoin and #gold.”

Doing the opposite

Some reports share CZ’s viewpoint on Schiff’s moves.

A summary of Euro Pacific Capital client reviews posted by one of Twitter users indicates that Schiff lost their money due to his failure to react to market changes.

One report reads: ”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.”

As it was reported earlier, in 2020 gold has failed to satisfy investors, while Bitcoin boomed.