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Michael Saylor refutes bearish Bitcoin commentary: Since August 2020, Bitcoin has been the best-performing mainstream asset
On April 5, economist and cryptocurrency critic Peter Schiff posted a call to sell Bitcoin, and Strategy founder Michael Saylor rebutted it.
Peter Schiff previously said that over the past five years, Bitcoin’s price has only risen by 12%. In the same period, the Nasdaq rose 57.4%, the S&P 500 rose 59.4%, gold rose 163%, and silver rose 181%. If Bitcoin’s appeal lies in its superior long-term performance, why are some people still continuing to hold it?
Michael Saylor replied that the time horizon is crucial. Since August 2020, Bitcoin has been the best-performing mainstream asset, and the advantage has been very clear. If you extend the time span, this gap will only get bigger.$BTC
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