Schiff Calls Bitcoin a Five-Year Loser, and Saylor Pulls Out a Chart That Says Otherwise
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Peter Schiff says Bitcoin returned just 12% over the past five years (vs. gold +163%, silver +181%, S&P 500 +59.4%, Nasdaq +57.4%), questioning long-term HODLing and crypto investment value. Michael Saylor rebuts using an August 2020 start date to show Bitcoin at ~36% annualised returns; both accuse each other of cherry-picking timeframes, highlighting timeframe-driven market performance and comparison risk for crypto investors.
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- 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…
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