Peter Schiff , CEO of Euro Pacific Capital, founder of SchiffGold and fund manager, took to Twitter to alert the crypto community that CNBC was again discussing Bitcoin extensively and in a positive tone.

CNBC mentions of the digital currency’s flagship often prompt Schiff to tweet about a possible BTC crash. Here’s why.

“Get ready for the dump”

Goldbug Schiff believes the mentions on CNBC Monday were paid for and sponsored by crypto industry insiders as well as big advertisers, who Schiff considers to be ‘calling in favors’.

Boldly believing that these Bitcoin Whales were trying to “sucker CNBC viewers to buy crypto” and equities that are related to the crypto sector, he warned of a possible Bitcoin dump.

CNBC has been pushing #Bitcoin hard all morning. This must indicate that #crypto industry professionals, large advertisers on the network are asking for favors. They are trying to convince @CNBC viewers to buy crypto and related equities for them to sell. Prepare for the dump!

Peter Schiff (@PeterSchiff). August 22, 2022

This is where Schiff’s bearish warnings became reality

In the beginning of this year, Schiff made bearish predictions about Bitcoin, Ethereum a few times, and he shared that information on Twitter with his followers.

He tweeted in June that Bitcoin would likely test $20,000 and Ethereum would fall to $1,200. Schiff posted on Twitter, June 16, that he had almost 100% accuracy in his predictions as BTC (ETH) and ETH were very close to the predicted values.

He also tweeted on Saturday, August 20, that Bitcoin was falling again after he posted a tweet about two bearish pattern formations on a Bitcoin chart: a Double Top, and an inverse pattern Head & Shoulders. They formed the reverse pattern, known as a Rising Wedge.

The tweet was then followed by a note stating that the price of the king cryptocurrency had fallen 14% within five days.

Schiff tweets more about BTC than she does about gold

Peter Schiff claimed that people started mocking him for his bearish forecast and instead of listening to him, they began to accuse him of spreading FUD (fear uncertainty doubt).

Changpeng Zhao, Binance’s head, thanked Peter for tweeting more about Bitcoin than gold. Schiff has been a long-time supporter of Binance.

Peter, you tweet about #bitcoin more than gold. Thanks.

CZ Binance (@cz_binance). August 22, 2022

Bitcoin trades in a range at the time this is written, with Bitcoin changing hands in the $21,500 area.