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Peter Schiff calls BTC a "shitcoin" and challenges Michael Saylor to a debateCrypto skeptic
Peter Schiff claimed that
Bitcoin underperforms traditional assets, with a 5-year return of about
12% compared to
57% for NASDAQ,
60% for S&P 500, and over
160% for gold.
Michael Saylor disagreed, saying returns depend on the timeframe. Since
2020, BTC has been one of the most profitable assets, and longer horizons show a different picture.
Schiff accused Saylor of "cherry-picking" data, repeated his "shitcoin" label for BTC, and proposed a public debate.
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