Schiff Calls Bitcoin a Five-Year Loser, and Saylor Pulls Out a Chart That Says Otherwise

• Schiff claims Bitcoin returned just 12% over five years against gold’s 163% gain.
• Saylor fires back with August 2020 data showing Bitcoin at 36% annualised return.
• Both sides accuse each other of cherry-picking different timeframes to win arguments.

Gold advocate Peter Schiff and Bitcoin proponent Michael Saylor are debating about Bitcoin again, and this time the argument has a number attached to it. Schiff opened the exchange on Sunday by pointing out that Bitcoin has returned just 12% over the past five years, while gold gained 163%, silver 181%, the S&P 500 59.4%, and the Nasdaq 57.4% over the same period. 

“If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?” Schiff wrote.

Saylor’s response was equally direct. He pointed to a different starting point entirely, August 2020, and published a chart showing Bitcoin’s…

Read The Full Article Schiff Calls Bitcoin a Five-Year Loser, and Saylor Pulls Out a Chart That Says Otherwise On Coin Edition.