Key facts:
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The survey closed with 68% of people saying that gold will never reach bitcoin.
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Prior to these results, Schiff scoffed at another poll that predicted new highs for BTC.
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Economic analyst Peter Schiff, one of bitcoin’s most renowned detractors, took a new setback in his crusade against cryptocurrency on Twitter. The beginning of all this was a survey in which Schiff himself asked when the price of gold would exceed that of bitcoin. The results? They were not what he would have expected.
Exceeding 22,300 votes, a forceful 68% He replied to Schiff that “that will never happen.” The other options in the survey were forecasts for gold outperforming bitcoin in one, two, or five years. Even among the responses that considered gold outperforming bitcoin, the majority option was precisely the most distant in time, with 12.3%.
Something else adds fire to the unfavorable result, beyond Schiff’s constant disrepute to bitcoin. Just a day before the close of his own practice, Schiff was mocking the results of a survey by Mati Greenspan, founder of Quantum Economics.
In that Greenspan poll, the majority (just over 40%) among some 2,300 voters they considered that bitcoin would be the first to reach new highs, to the detriment of gold, the Dow Jones index or any other option.
Schiff qualified that result as a sample of how “delusional” the bitcoiner community is. Therefore, among the responses to your own survey we can find comments such as the parody account @RelevantPeter, inviting him to “keep in mind that the vast majority of his followers are not bitcoiners” when reviewing the results.
“How long until Peter Schiff accepts that he’s wrong about bitcoin?”
The responses received by the survey were very varied. But teasing Schiff about the results included other polls, parodying the investor’s question. One of them he wondered Yes, Peter Schiff would accept that he was wrong about bitcoin in 1, 2 or 5 years, but 69% of the respondents considered that equally “that will never happen.”
Other responses include as a mockery of Schiff the reference to the news of the recent find of over 80 tons of fake gold offered by Wuhan Kingold Jewelry, recognized as the largest private gold processor in the Chinese province of Hubei.
The references were as simple as they were direct, with questions like “Real gold?” or pictures of fake bullion from the precious metal. Ultimately, the answers to Schiff were clear: bitcoin cannot be faked, unlike gold.
Peter Schiff has repeatedly criticized bitcoin and bitcoiners. Every once in a while, he launches some comparison between the cryptocurrency created by Satoshi Nakamoto and gold, and has even been engulfed in curious stories, such as the loss of the keys to a purse in which he had previously received BTC.
Crypto News reported how Schiff initially blamed the purse developers. The analyst ended up assuming his mistake soon after, as well as reviewed this newspaper.
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