Categories: Crypto

Peter Schiff questions Bitcoin after Gold, Silver outpace BTC



Peter Schiff has renewed his criticism of Bitcoin by questioning its long-term value as an investment. 

Summary

  • Peter Schiff: Bitcoin gained 12% in five years, trailing gold, silver, Nasdaq, and S&P 500.
  • Michael Saylor said Bitcoin has outperformed assets since August 2020, arguing time frame changes comparisons.
  • Santiment data showed Bitcoin bearish sentiment reached late-February highs, with ratio at 0.81 in comments.

In a post on X, he compared Bitcoin’s five-year return with gains in the Nasdaq, S&P 500, gold, and silver. His remarks framed the debate around whether Bitcoin still offers a stronger long-term case than traditional assets.

Peter Schiff said Bitcoin rose only 12% over the past five years. He also pointed to stronger gains in other markets during the same period. According to the figures shared in his post, the Nasdaq rose 57.4%, the S&P 500 gained 59.4%, gold climbed 163%, and silver advanced 181%.

Schiff used those numbers to raise doubts about Bitcoin’s long-term edge.

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

His statement focused attention on Bitcoin’s recent record against both equities and precious metals.

Michael Saylor responded by arguing that the comparison depends on the starting point. He said, “Timeframes matter,” and added that Bitcoin has led major assets since August 2020. His reply shifted the discussion from a fixed five-year window to a broader performance view.

Saylor also said that a longer chart would favor Bitcoin even more. He wrote that Bitcoin is the top-performing major asset since August 2020 and said the gap “only widens” when the time span increases. His response reflected a common view among Bitcoin supporters who prefer longer-term comparisons.

Kiyosaki links pressure to older policy shifts

Robert Kiyosaki added another angle to the discussion by linking current financial stress to changes that began in 1974. In his post, he said “the future created in 1974 has arrived” and tied today’s debt and inflation concerns to that period. He also connected those changes to the petrodollar system and retirement planning.

Kiyosaki said baby boomers now face growing pressure as pensions gave way to market-based retirement accounts. His comments widened the discussion beyond Bitcoin price alone and placed it inside a broader debate about money, savings, and household finances.

In addition, market sentiment data also showed a cautious tone around Bitcoin. Santiment said bearish discussion on social platforms reached its highest level since late February. The platform reported that the bullish-to-bearish comment ratio dropped to 0.81.

That reading showed weaker trader confidence during the latest market discussion. Santiment also noted that extreme fear can sometimes work as a contrarian signal, as markets often move against the crowd when negative sentiment becomes too strong.



Source link

Adam Forsyth

Share
Published by
Adam Forsyth

Recent Posts

Will XRP Ever Break Above $2? The Answers Were Not What We Expected

The short answer is yes, but not anytime soon. Here's the breakdown. It’s hard…

50 minutes ago

The best Kindles 2026: I compared every model head-to-head, but the Paperwhite is still my favorite

{ container.appendChild(contentItem); });"> Read our full review of the Kindle Scribe (3rd Generation).{ container.appendChild(contentItem); });">…

59 minutes ago

Bitcoin ETF outflows hit $1.26B Santiment buy signal

Bitcoin ETF outflows reached $1.26 billion over six sessions, but Santiment says the streak signals…

2 hours ago

Another Crypto Company Has Filed For IPO, But It’s Not Ripple

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Crypto exchange…

2 hours ago

L.L.Bean’s Zip Hunter’s Tote Is the Only Carryall You Need

Photograph: Michael CaloreThe walls of the bag are tough enough, made from 1,200-denier polyester, which…

2 hours ago

Namibia Judge Revokes Bail for Eight Missing Suspects in Crypto Fraud Trial

Key TakeawaysSix Chinese suspects fled to China by May 20, triggering an Interpol hunt by…

2 hours ago