Binance CEO Calls Out Peter Schiff For Mocking Bitcoin Investors
- Peter Schiff criticizes Bitcoin buyers and Binance CEO Zhao calls out his lack of introspection.
- Schiff believes Bitcoin buyers may be wrong about their investment, but right about Fed and inflation concerns.
- Schiff’s son predicts that Schiff senior will own a significant amount of Bitcoin in the next decade, despite Schiff senior being a crypto critic.
Economist and SchiffGold founder Peter Schiff mocked Bitcoin buyers in his recent tweet. However, Binance CEO Changpeng Zhao called him out in response claiming that Schiff lacks “introspection.”
You are so close, but just lack that last tiny bit of introspection that *you* may be wrong about bitcoin. You tweet more about #bitcoin than most people. Let that sink in.
— CZBinance (@cz_binance) March 24, 2023
Schiff’s tweet suggests that while Bitcoin buyers may be mistaken about their investment in Bitcoin, they are correct in their concern about the Federal Reserve and inflation. According to the tweet, many investors are not aware of the ongoing financial crisis, which could ultimately lead to a more significant currency and sovereign debt crisis.
While Schiff’s post concludes by lamenting the fa…
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