Peter Schiff Accuses CNBC of Bitcoin Bias as Tom Lee Claims BTC Could See 200% Growth

Core Viewpoint - Peter Schiff criticizes CNBC for biased coverage favoring Bitcoin while neglecting gains in precious metals like gold and silver [1][3][7] Group 1: Criticism of CNBC - Schiff accused CNBC's Squawk Box of ignoring a rally in precious metals, stating that gold rose over $40 and silver nearly $2 without any mention on the program [3][5] - He highlighted that despite Bitcoin's recent price decline, it received extensive airtime, contrasting it with the lack of coverage for gold [3][7] - Schiff attributed the media's focus on Bitcoin to a lack of understanding of gold and commercial incentives from crypto advertisers [4][5] Group 2: Tom Lee's Perspective - Tom Lee, head of research at Fundstrat, expressed a bullish outlook on Bitcoin, claiming that the best days are ahead and predicting a potential 200% increase in adoption [2][6] - He acknowledged skepticism around Bitcoin but maintained that its long-term fundamentals remain strong, despite recent price pressures [6][8] - Lee pointed to favorable U.S. legislation and increasing Wall Street interest as factors supporting the broader crypto narrative [9]