Michael Saylor Pushes Back Against Bitcoin FUD: Since August 2020, Bitcoin Has Been the Best Performing Mainstream Asset
BlockBeats News, April 5th, Economist and cryptocurrency critic Peter Schiff posted calling for selling Bitcoin, Strategy founder Michael Saylor refuted this.
Peter Schiff had previously stated that over the past five years, the price of Bitcoin has only risen by 12%. During the same period, the Nasdaq rose by 57.4%, the S&P 500 rose by 59.4%, gold rose by 163%, and silver rose by 181%. If Bitcoin's appeal lies in its superior long-term performance, why do some people still continue to hold it?
Michael Saylor replied that the time frame is crucial. Since August 2020, Bitcoin has consistently been the best-performing mainstream asset, with a very clear advantage. If the time span is extended, this gap will only widen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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