June 18, 2024

Changpeng Zhao: “We need more PR from people like Peter Schiff”

As noted by the CEO of the largest exchange Binance, Changpeng Zhao, cryptocurrency critic PeterSchiff (Peter Schiff) inadvertently advertises bitcoin.

Zhao emphasized that it is thanks to people like Schiff that the use of digital assets is becoming increasingly popular.

“I think Peter contributed to the promotionBitcoin. He most likely doesn't even know it, given his illogical statements, but people are doing the exact opposite of what he says. We need more such “negative” opinions,” Zhao wrote on the social networking site Twitter.

Recall that Schiff recently attracted attentionto the public because he managed to lose the passwords to his Bitcoin wallet. He later reported that he had mistook the PIN code from the wallet app for a password, but he never knew the real password. In addition, he did not save the seed phrase from his Bitcoin wallet.

"Bitcoin lovers say I have no rightadvise something about this cryptocurrency. Like, I’m not competent enough if I can’t distinguish a PIN code from a password. Well, now I can tell them apart and my recommendation remains the same. They don’t understand the difference between Bitcoin and gold,” said Schiff.

Last fall, Peter Schiff expressed the view that, compared to the U.S. dollar, it was not just gold that was outperforming, but also Bitcoin.