Peter Schiff should quit bashing Bitcoin and comparing it with Gold, Bitcoin is not the source of his or Gold's problems

over 2 years ago

Peter Schiff is just a bitter old man that has been against Bitcoin since I could remember, all his wishes and predictions for Bitcoin have been invalid and been proven wrong by Bitcoin, from my observation, and in my opinion, Peter Schiff does not learn or what to learn from his mistakes, it is just like he enjoys the sound of his own voice not the sound of reasoning also he enjoys tweeting and being wrong about Bitcoin.

For a thousand and one times we have heard or seen Peter Schiff say or tweet about Bitcoin going to ZERO, urging crypto traders to sell their Bitcoins, he has also talked about how Bitcoin is worthless and not a hedge to the US rising inflation but that only Gold is the hedge for the US rising inflation in 2022, I honestly don't know what Peter Schiff's problem is and why he keeps trying so hard to convince himself and his Twitter follows that Gold is better than Bitcoin.

Based on the research I did a lot of people believe that Bitcoin could drop 90% and still have outperformed Gold over the last decade, Or in fact, Bitcoin could drop 90% and would still outperform Gold over the next 2 years, Do you agree?

Peter Schiff's Tweet about Bitcoin:

Both gold and Bitcoin are up in 2023, but they're rising for opposite reasons. Gold is rising as a hedge against inflation and a weaker dollar, while Bitcoin is rising with other high-risk assets as speculators bet that a #Fed pivot will cause a rally in 2022's biggest losers.

My Reaction to Peter Shiff's Tweet above:

For of all, Bitcoin will always be superior to Gold because Bitcoin is an asset with a limited supply of 21 million Bitcoins to be ever mined, unlike gold which has no limit. Bitcoin has done massively well in the few years of its existence compared to the little gains gold has gathered struggling over the last decade. In my opinion, Bitcoin is the best hedge against inflation because its returns are massive over time. HODL your Bitcoin, not Gold. Bitcoin remains the best asset of this century.