Bitcoin Coverage on CNBC Play BTC Messiah Reassuring Hope

Peter Schiff shared: The main reason CNBC has CathieDWood on so often is to play to their audience. CNBC viewers are loaded up with shares of ARKK and over-priced tech stocks. So they bring on the messiah to reassure the faithful not to give up hope. The same strategy applies to Bitcoin coverage.

Community Response:  Do you just stare at a Bitcoin chart and wait for a drop and run to your list of prepared tweets that are bearish and hit send? Your takes on other topics are great, your views on BTC are worse than investing in gold 10 years ago.

Congrats on your gold investment up 3% since the bubonic plague.

Ain’t funny when grandma buys so much gold instead of an s&p index fund since the ’60s.

Gold mining has not only destroyed the environment but caused countless deaths over the years.

Gold miners can only damage, brands can’t repair, and that’s what happened in Papua.

Peter unleashing all the tweets he’s been saving in his drafts for the first day when gold is up and bitcoin is down.

I hate to write this, but I’ve been saying for a long time, she (KATHY) made a very big bet on technology companies? and probably still believes that bitcoin will cost 500k.

Peter they’re never going to have you back on, nor should they. Your envy of all the investments you’ve missed over the last decade and of the people who saw what you didn’t is embarrassing.

A bit like your 5000 dollars per ounce gold price 10 years ago Peter. I remember how confident you were that gold was going to this price and look where we are?

Have you looked at a chart of gold? Its monthly chart is a textbook cup with a handle. It’s going beyond 5 k.

Bitcoin is the black hole that will absorb all fiat money issued. Gold can’t do it, least of all “paper gold.” If gold goes up, people will want physical gold and it doesn’t exist. Paper gold is much larger than physical gold.

The bullion banks and the big banks that have manipulated the gold market are not going to allow the paper gold scam to be exposed, so they, with the governments, are the ones that will say that Bitcoin is the new reserve asset.

You’re doing the same thing with Gold, the only difference is that not many people want to tune in for your thesis anymore. 10 years of failure will do that.

Still, don’t see why it needs to be either/or Peter. Gold holds value because it does not deteriorate and has useful physical properties. Bitcoin holds value because it provides a streamlined and decentralized accounting system. It’s almost like you’re trying to sell us something…

The main reason why CNBC doesn’t bring Peter Schiff is on because no one buys gold and they don’t want to hear about it either.

Peter is in love with bitcoin he can’t stop talking about it. Like a kid in a candy shop!

Ts, a bubble for sure, and they are on their denying it.

I think both gold and BTC have their own very different individual benefits. It’s hard to disagree with Peter here though.

Gold only rallies because of Russia-Ukraine FUD. Once this is over be ready for a deep dive, nothing to do with inflation.

CNBC is a capital meat grinder preferred by short-sellers. Cramer actively chums the water for them.

The questions were informative, yet challenging this time. If what you’re saying was accurate, that line of questioning likely would NOT have been tolerated.