Peter Schiff: CNBC is doing its best to trick viewers into buying bitcoin

Peter Schiff, CEO of Euro Pacific Capital and a loyal supporter of gold, said on Twitter today that CNBC is doing its best to trick viewers into buying bitcoin. Although gold is a much larger market, CNBC has invested a lot more in bitcoin. Chinese people buy bitcoin not to hedge. Speculators are buying and betting that the Chinese will use it as a safe haven.