Gold Bull Peter Schiff Expects Whales To Dump Bitcoin in December

0

Last Updated on 23 March 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts

The eternal fight of good versus evil in the crypto world is that of Bitcoin versus Gold. Although this year it is starting to become quite clear who won, eternal gold bull Peter Schiff couldn’t stop slamming both US media for their incessant coverage of Bitcoin’s new all-time-high and Bitcoin hodlers for thinking that the coin would go any higher than $20k this year.

Advertentie.

CNBC’s Excessive Coverage

Mr Schiff, who’s been at the receiving end of known Bitcoin promoters scorn most of the year, stated:

CNBC’s excessive coverage of #Bitcoin sets a new low in financial journalism ethics. Their constant promotion has legitimized the asset in the eyes of their audience, many of whom will buy and then be left holding the bag when the whales dump what CNBC helped pump

The response from the cryptosphere was quick and ruthless. Of course, Schiff has been shouting for years that Bitcoin was nothing but a Ponzi scheme and when at the beginning of the year crypto took a dive (during the March madness) and gold seemed to climb, he was quick to repeat his previous statements.

Dr Fauci

Yesterday he got the full barrel of responses, all making fun of him. One of the best tweets was a meme of Dr Fauci during a Covid-19 press briefing where he seemed to be holding up a sign that read: Buy Bitcoin. Another was from the hand of known Bitcoin hodler Dan Held, who showed the different age stages of Mr Schiff, trying to push gold up whilst Bitcoin kept increasing in price.

CNBC, the well-known financial TV channel on the other hand, has not officially responded to Mr Schiff’s accusation just yet.

hello.artmagination.com / Depositphotos.com