Binance CEO Changpeng Zhao had previously claimed Tesla would buy $ 1.5 billion worth of Bitcoin (BTC).
Binance CEO Changpeng Zhao had previously claimed Tesla would buy $ 1.5 billion worth of Bitcoin (BTC). Economist Peter Schiff was wrong again in his claims about the future of Bitcoin and cryptocurrencies.
While Tesla's $ 1.5 billion acquisition of Bitcoin (BTC) caused market consternation, Changpeng Zhao had already said this beforehand. At the same time, Peter Schiff, known for his Bitcoin opposition, said that he didn't expect anything like this from Tesla CEO Elon Musk, but it would be stupid, and he was wrong again.
Changpeng Zhao Was Right
Undoubtedly, the most important news of the past days has come from Tesla, a California-based manufacturer of electric vehicles and a clean energy giant. Elon Musk is trying to revolutionize the auto industry with Tesla. The company had bought $ 1.5 billion worth of Bitcoin last week. Musk, the world's richest man, is known for raising concerns about Bitcoin in previous years. But he has recently changed his perspective. Musk, who previously said he regretted not buying Bitcoin, said it was “a good thing” for cryptocurrencies.
Tesla's Bitcoin move, one of the world's most reputable companies, has had a domino effect. Companies are in the race for the Bitcoin service. While many were surprised by the move, Binance CEO CZ knew Tesla would buy Bitcoin. Changpeng Zhao posted on Twitter in December 2020::
Tesla will buy Bitcoin. This move is only a matter of time. This is one of my few predictions that I'm happy to write my name. But the real question is: "Do you want to be before or after them? “
Peter Schiff Wrong Again
A view contrary to CZ's prediction also came from Peter Schiff. Economist Schiff responded to CZ's tweet by saying: "Musk is not stupid enough to buy Bitcoin. It's only a matter of time before you know it. “
But it wasn't the first time Schiff was wrong about Bitcoin, and he would have been more wrong. He has held Bitcoin (BTC) to the ball countless times in the past. He claimed that the value of BTC would see zero. So Peter Schiff added another to his failures.