Michael Saylor pushed back against Peter Schiff’s claim that Bitcoin underperformed over five years, arguing the analysis relied on a misleading timeframe starting near a market peak.
Schiff said Bitcoin gained just 12% over five years, trailing gold, equities and silver, questioning its value as a long-term investment.
“If the appeal of Bitcoin is its superior long-term performance, why should anyone keep HODLing it?”
Said economist Peter Schiff.
Saylor countered by measuring performance from August 2020, showing Bitcoin annualising at 36%, significantly outperforming gold, equities and bonds over the same period.
The dispute underscores how different starting points can dramatically alter perceived returns, particularly in volatile assets like Bitcoin.
Strategy, which holds over 762,000 BTC, remains heavily exposed to Bitcoin’s price movements, with its holdings currently below average acquisition cost.
The exchange reflects a broader divide between traditional safe-haven assets like gold and emerging digital assets, as investors debate long-term value and risk.
At the time of reporting, Bitcoin price was $69,244.72.