CZ Mocks Peter Schiff’s Long-Standing Bitcoin Collapse Prediction
Photo: TheCoinrise
Binance founder Changpeng Zhao says the economist will eventually be right about Bitcoin, but only in a technical sense. Changpeng Zhao, the founder of Binance, has reignited a long-running public exchange with economist and gold advocate Peter Schiff. CZ took aim at Schiff's persistent skepticism toward Bitcoin, according to reporting from U.Today. Schiff has spent years warning that Bitcoin is a speculative bubble destined to collapse. His most recent commentary, highlighted by The Cryptonomist, reiterates a forecast that Bitcoin's market capitalization could eventually drop by more than 99% from its peak.
Source: TheCoinrise
