- Bitcoin support holds and price climbs back up with a daily high of USD 8,454
- Davos side events related to blockchain are as popular as ever
- Binance CEO Changpeng Zhao says Bitcoin needs more unwitting proponents like gold bug Peter Schiff
Bitcoin markets took a tumble over the course of Saturday, but the good news once more for bulls is that the support at USD 8,200 held very well, and price is now slowly climbing back up with a daily high so far of USD 8,454 (CoinDesk).
For those still keen to hear if the world’s economic leaders are still enthused over blockchain, look no further than the side events related to such discussions at the World Economic Forum (WEF) in Davos.
The CV Summit, based also in Switzerland, was one of those keeping the buzz alive, and since Thursday, one would be motivated to see Davos attendees eager to get their fill of blockchain talk, with an agenda chockful of speakers and crypto presentations.
The discussion topics weren’t a big surprise, with they hype of digital assets very much a starting point, and tokenization still of huge interest, and against that how legislation and regulations could work in some important jurisdictions.
The third instalment of the event was a huge distance from the initial small casual meetup. Nouriel Roubini, who was present for a keynote, did try to start things off with a bang with “Why Bitcoin Is The Mother Of All Scams”. The American economist was typically fiery, but he wouldn’t have convinced any of the Bitcoiners there, noting:
“At the anti-capitalist capitalist event, radical sentiments erupt in unexpected places.”
The Revolution Comes to Davos
At the anti-capitalist capitalist event, radical sentiments erupt in unexpected places.— Nouriel Roubini (@Nouriel) January 24, 2020
CV Labs itself is expanding, with a new operation already scheduled for the Middle East. CV VC founder Ralf Glabischnig also hinted that an Asian CV was in the making, but anyway confirmed:
“We’ll have another CV Labs in Dubai in Q2 or Q3 of this year. Dubai has a clear blockchain strategy from the government, so we want to support it with the technology we have here in the Crypto Valley… The idea is to expand our ecosystem around the world.”
Meanwhile, Binance CEO Changpeng Zhao, one of the most active crypto influencers, has come out to say that Bitcoin needs more “PR” personalities like gold bug Peter Schiff.
A much-publicized series of Tweets from Schiff has been trending for the past week. Schiff, who kicked off the Twitterstorm by claiming that his Bitcoin wallet had lost his password — the wallet itself a gift — had been gathering a lot of Bitcoiners together to try and help him understand what had really happened (Schiff had lost his private keys giving him access to his Bitcoin).
While at first appearing negative for claiming that it was dangerously easy for people to lose Bitcoin just by forgetting or losing their private keys, Schiff unwittingly broadcast how digital assets were different to other investments, said Zhao. The Binance boss believes that Schiff had utterly failed in his bid to convince people that Bitcoin was bad.
I think Peter is doing great to promote bitcoin. He probably does not realize that given his illogical reasoning, most people will do exactly opposite of what he says.
We need more of these types of “negative” voices. https://t.co/86GWOjOPS3
— CZ Binance (@cz_binance) January 25, 2020
He went so far as to say:
“I think Peter is doing great to promote bitcoin. He probably does not realize that given his illogical reasoning, most people will do exactly opposite of what he says… We need more of these types of ‘negative’ voices.”
Schiff has constantly been a gold advocate, and at invariable times attacks Bitcoin. Even after admitting that he was at fault for confusing his pin with his password in this most recent debacle, he hasn’t shifted from his stance over gold’s superiority over Bitcoin. He insisted:
Bitcoin bugs are saying I'm not qualified to give advice about Bitcoin because I don't know the difference between a pin and a password. I know the difference now and my advice hasn't changed. But those Bitcoin bugs still don't know the the difference between #Bitcoin and #gold.
— Peter Schiff (@PeterSchiff) January 24, 2020
“Bitcoin bugs are saying I’m not qualified to give advice about Bitcoin because I don’t know the difference between a pin and a password. I know the difference now and my advice hasn’t changed… But those Bitcoin bugs still don’t know… the difference between #Bitcoin and #gold.”
Schiff is facing some blowback from this, however, as right now, the online community is looking for evidence that proves Schiff actually doesn’t know what he’s doing anyway. Some reports are emerging on social media of past client reviews produced by the investor in his capacity as head of Euro Pacific Capital, where many are said to have caused clients money.
One review concludes:
“Just stick with bonds or S&P, or if you must have international stock, then find a more reputable international stock dealer. This company is a loser, except for Peter Schiff and the brokers who work there.”
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The post Trending Bitcoin News and Market Sentiment January 26th, 2020: Blockchain Still Hot at Davos, Binance Boss Says Bitcoin Needs More Accidental PR from Likes of Schiff appeared first on BitcoinNews.com.
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