Head of Binance: Bitcoin needs people like Peter Schiff

Peter Schiff, an ardent bitcoin skeptic and supporter of gold, unknowingly popularizes cryptocurrencies, the head of the Binance exchange, Changpen Zhao, is sure.

“I think Peter is a great promoter of bitcoin. He probably doesn’t even realize, given his illogical statements that most people will do exactly the opposite. We need more such “negative” statements, ”Zhao shared his opinion.

Peter Schiff became famous for having lost access to the wallet, because he mixed up the PIN code with the password from him and did not save the seed phrase. Realizing that access was lost only through his fault, the lover of gold, however, did not stop criticizing the first cryptocurrency. In particular, Schiff is still convinced that Bitcoin is ineffective as a means of exchanging or saving value and therefore is not money.

“Bitcoin parasites say that I am not qualified to give advice on bitcoin, because I do not know the difference between a pin code and a password. Now I know the difference and my opinion has not changed. But these bitcoin parasites still do not know the difference between BTC and gold, ”a proponent of traditional finance wrote the other day.

Earlier, Peter Schiff stated that Bitcoin failed the test for a defensive asset, because once the first cryptocurrency did not grow with gold and the Swiss franc against the backdrop of tightening trade tension between the US and China.