While in the crypto market, one can hardly deny the fact that no matter to what extent you are aware of the everyday market but fake news is something that you need to stay away from.
Speaking of which, the headlines of the market news today witnessed a somewhat similar scenario. Peter Schiff, who can undoubtedly be seen as a Bitcoin Basher was recently criticized on Twitter as he was found falsely claiming about the Bitcoin price.
THE FALSE CLAIM
As per his tweet on 8th August at around 9 pm, Peter stated that the BTC prices have plunged 15t% since June 19. Truth be told, its nothing more than a false claim.
His tweet says:
Since June 19th, favorable press, weakness in global currency and stock markets, falling interest rates, and a 10% rise in the gold price, have provided ample reasons for Bitcoin speculators to buy. Yet Bitcoin’s price fell 15%! Hodlers should wonder who’s been selling, and why?
Since June 19th, favorable press, weakness in global currency and stock markets, falling interest rates, and a 10% rise in the gold price, have Provided Ample Reasons for Bitcoin speculators to buy. Yet Bitcoin’s price fell 15%! Hodlers should wonder who’s been selling, and why?
— Peter Schiff (@PeterSchiff) August 8, 2019
In fact, there were two imperative remarks made by Peter that were worth noticing. First of all, he stated that comparatively, the gold prices have enhanced 10% during the same period of time. He also claimed that the Bitcoin, after receiving a complete package of the favorable press as the well debilitating situation of the global currency as well as the stock market, should have witnessed some bulls rather than falling down.
Secondly, while speaking about the holders, he suggested that the BTC ar4e probably regretting not selling Bitcoin. He further tweeted “Hodlers should wonder who’s been selling, and why.”
NEVER LIE ON TWITTER
Well, truth be told, the one place where you should think twice before making a statement is Twitter. And perhaps Peter now understands it better than anyone else.
This is so because soon after Schiff’s false claims, he was bombarded with enough evidence that could clearly prove him wrong.
The CEO of Canada-based Bitcoin exchange Bull Bitcoin, Francis Pouliot quickly responded saying, “You, sir, are lying. Bitcoin increased $2,000 per coin since June 19th.”.
You, sir, are lying. Bitcoin increased $2000 per coin since June 19th. pic.twitter.com/2U1D1sLfNh
— Francis Pouliot ☣️ (@francispouliot_) August 8, 2019
Not just this, but he also attached a chart which clearly depicts the enhancement in Bitcoin price over the past 7 weeks. This completely contradicted Schiff’s claims.
Revealing the unseen truths, Francis further tweeted:
Peter Schiff claims Bitcoin price fell by 15% since June 19th.
This is weird because market data facts are easy to verify and it is very obvious he is wrong.
Trauma from the guilt of leading his followers away from unfathomable wealth since 2013 taking its toll?
.@PeterSchiff claims Bitcoin price fell by 15% since June 19th.
This is weird, because market data facts are easy to verify and it is very obvious he is wrong.
Trauma from the guilt of leading his followers away from unfathomable wealth since 2013 taking its toll? https://t.co/To6MlKVXPa
— Francis Pouliot ☣️ (@francispouliot_) August 8, 2019
