Peter Schiff Attacks CNBC After Network Gave More Attention To Bitcoin (BTC) Than Gold

    Bitcoin is on a bull run recently, so it is normal that the crypto asset will get more attention from the media than assets such as gold, right? Well, that is not what Peter Schiff believes.

    Schiff, who is a well-known investor of the gold industry, was pretty pissed recently because CNBC is giving more attention to gold than it does for crypto. He accused the network of pumping Bitcoin by devoting far more airtime to it than gold. As it Bitcoin is not infinitely more interesting as a topic and investment than gold these days.

    He also claimed that it is not the Chinese who are buying the Bitcoin, but speculators instead because they know that the market may bring some high returns pretty quickly and can be used as a safe haven.

    Several media outlets are reporting that the price of BTC going up might have something to do with the current U. S.-China trade war, but Schiff remains considerably skeptic about it. He believes that the Chinese are not a part of the bull run and that this is all just fake news. When we consider that China actually banned crypto assets, that is not really an impossible theory.

    Last week, the gold investor appeared on CNBC, ironically, on Ran Neuner’s crypto program. There, he once again bashed the crypto asset during a debate with the founder of the Morgan Digital Bank bank, Anthony Pompliano.

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    Gabriel Machado
    Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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