Bitcoin has outperformed precious metals over the last decade, but critics say the comparison doesn’t hold up under shorter time horizons.
Bitcoin (BTC) has outperformed gold and silver by several orders of magnitude since 2015, racking up a 27,701% gain, compared to silver’s 405% gain and gold’s 283% appreciation during the same period, according to author and analyst Adam Livingston.
“Even ignoring the first six years of Bitcoin’s existence, for the crybabies who whine about the timeframe comparison, gold and silver drastically underperform the apex asset,” Livingston said in an X post.
Gold advocate Peter Schiff, one of Bitcoin’s harshest critics, chimed in, telling Livingston that he should compare these assets over the last four years instead of 10. “Times have changed. Bitcoin’s time has passed,” Schiff said.
