Peter Schiff calls bitcoin a “shitcoin” and challenges Michael Saylor to a debate
Crypto skeptic Peter Schiff claimed that bitcoin underperforms traditional assets in returns: over five years it gained about +12%, compared to +57% for NASDAQ, +60% for S&P 500, and more than +160% for gold.
Source Incrypted
Michael Saylor disagreed, arguing that the performance depends on the chosen timeframe: since 2020, bitcoin has been among the most profitable assets. He noted that longer investment horizons reveal a different, more favorable picture.
In response, Schiff accused Saylor of "cherry-picking" data, repeated his statement that bitcoin is a “shitcoin,” and proposed a public debate to discuss their differing views.
Michael Saylor is known as one of the most influential bitcoin advocates and the former CEO of MicroStrategy, a company that has made significant investments in this crypto asset. MicroStrategy specializes in business intelligence and software development for corporate clients.
The clash between Schiff and Saylor highlights the ongoing division between traditional financial experts and cryptocurrency proponents. A potential public debate between them could attract investor attention and intensify discussions about bitcoin’s prospects.
This dispute shows that investments in cryptocurrencies will remain a hot topic, with future developments depending on market shifts and expert opinions.
