If You Bought Gold Instead of Bitcoin or MicroStrategy, You’re Up 27%, Says Peter Schiff
- Bitcoin has fallen 4.5% this week, trading around $114,100.
- Peter Schiff pointed out that Bitcoin is only up 16% since November, while Strategy’s stock is down 3%.
- The comparison provoked pushback from supporters who argue he’s cherry-picking data and ignoring Bitcoin’s long-term gains.
As Bitcoin faces a weekly decline of 4.5%, trading at $114,100 at press time, gold advocate Peter Schiff has reignited his long-running critique of the crypto asset.
In a post on X, Schiff highlighted performance figures since November 2024, right after Donald Trump’s election win. According to him, Bitcoin is only up 16%, while MicroStrategy (now renamed Strategy) stock is down 3%. Meanwhile, gold has surged 27%, and the gold miner ETF $GDX has jumped 50%.
Schiff’s comparison sought to highlight the advantage of holding precious metals over digital assets and related equities during that period.
Bitcoin Supporters Fire Back: “Cherry-Picked Data”
Schiff’s post drew immediate pushback from the Bitcoin community. Sith Sou challenged Schiff’s framing, suggesting that if investors had bought Bitcoin the first time Schiff publicly criticized it, they would…
The post If You Bought Gold Instead of Bitcoin or MicroStrategy, You’re Up 27%, Says Peter Schiff appeared first on Coin Edition.
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This Bitcoin ETF Strategy Has Outperformed BTC Buy-and-Hold
If You Bought Gold Instead of Bitcoin or MicroStrategy, You’re Up 27%, Says Peter Schiff
- Bitcoin has fallen 4.5% this week, trading around $114,100.
- Peter Schiff pointed out that Bitcoin is only up 16% since November, while Strategy’s stock is down 3%.
- The comparison provoked pushback from supporters who argue he’s cherry-picking data and ignoring Bitcoin’s long-term gains.
As Bitcoin faces a weekly decline of 4.5%, trading at $114,100 at press time, gold advocate Peter Schiff has reignited his long-running critique of the crypto asset.
In a post on X, Schiff highlighted performance figures since November 2024, right after Donald Trump’s election win. According to him, Bitcoin is only up 16%, while MicroStrategy (now renamed Strategy) stock is down 3%. Meanwhile, gold has surged 27%, and the gold miner ETF $GDX has jumped 50%.
Schiff’s comparison sought to highlight the advantage of holding precious metals over digital assets and related equities during that period.
Bitcoin Supporters Fire Back: “Cherry-Picked Data”
Schiff’s post drew immediate pushback from the Bitcoin community. Sith Sou challenged Schiff’s framing, suggesting that if investors had bought Bitcoin the first time Schiff publicly criticized it, they would…
The post If You Bought Gold Instead of Bitcoin or MicroStrategy, You’re Up 27%, Says Peter Schiff appeared first on Coin Edition.
Read More