Home Bitcoin News USA BTC Maxis are Afraid to Market Bitcoin (BTC) as Currency

USA BTC Maxis are Afraid to Market Bitcoin (BTC) as Currency

USA BTC Maxis are Afraid to Market Bitcoin (BTC) as Currency

Peter Schiff is all against Bitcoin and he is prepared to destroy the reputation of BTC anytime and during any chance he gets.

Recently, Peter Schiff Expressed: “I’m watching CNBC pump crypto with a live special program to help their advertiser dump Bitcoin. CNBC claims 2021 was a great year for Bitcoin. It was, but only for those who already owned it and sold. It was a horrible year for the vast majority of CNBC’s viewers who bought!”

With Peter Schiff being a personality with lot of followers, there is a massive reaction to any statement he makes, be it from followers who are supporters of his statements or those who are absolutely against him.

Looking at Peter Schiff commenting as though he has invested in Bitcoin many members from the community were curious to know about so far how much money he has lost in his everyday buys.  And, they were also left wondering how much longer Peter Schiff will be throwing his money away in gold.

Probably, Peter is not able to take mainstream media like CNBC talk Bitcoin and he is not able to accept that BTC can gain as much support.

Since Schiff keeps supporting gold over BTC the community are eager to know how his gold portfolio is looking from the last 5-10 years? They are left wondering for how long Peter will be throwing money at gold while it gets demonetized by Bitcoin?

Someone rightly pointed to how Peter’s miner fund is the worst performing mutual fund in the USA. And he has the nerve to bash Bitcoin? Also, pointed to how 2021 was a horrible year for gold.

It is relevant to note that Gold is down 5% in 2021. Bitcoin is down 33% in the past months. People were deconstructing the statements and they were trying to understand the facts by asking if you call being down 5% in a year a horrible year, what do you call being down 33% in a month.

Bitcoin advocates feel Peter needs education as he needs comparing one month to one year?

It is true that cryptocurrency is not gold. And that the “USA BTC Maxis” like Saylor, Pomp etc. are afraid to market it as a currency, because it could get banned if it threads USD, but BTC is an internet currency and it should never be marketed as any form of gold, which it is not.

There are not many people who agree to Peter Schiff’s ideas about Gold as being superior to BTC and they are able to see Peter’s jealously about main stream support for Bitcoin – pretty obviously.

There are very few days when Peter does not fume about the fame of Bitcoin.

 

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James

James T, a passionate crypto journalist from South Africa, explores Litecoin, Dash, & Bitcoin intricacies. Loves sharing insights. Enjoy his work? Donate to support! Dash: XrD3ZdZAebm988BfHr1vqZZu6amSGuKR5F

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