Bitcoin (BTC) is Still Sitting on 845,260% Growth Over the Last Decade

Peter Schiff shared: Gold is breaking out as Bitcoin is breaking down. Gold rose over 20 dollars this morning, to a 52-week high of 1,960 dollars per ounce, taking out the Ukraine invasion spike high. Bitcoin on the other hand broke below 41k dollars. The difference between gold and fool’s gold couldn’t be clearer.

Community Response:  So far. It’s still early in the day. But being up 1% beats the hell out of being down 5% like Bitcoin.

Why didn’t you comment recently when gold went down 20 dollars and bitcoin went up by thousands and thousands? You are simply cherry-picking to make yourself look good.

Mined over 25 BTC. Bought as low as 200 dollars, sold as high as 42k. And you were saying?

It’s not hard for Gold to put in a new 52-week high, when it has not done anything significant in 52 weeks, unlike Bitcoin which had rallied 20x or so from its local bottom in March 2020 to put in its 52 weeks high of 69k dollars.

The product I barely own has gone up to 20 dollars. So let’s Peter Shill it to someone so my mining stocks pump.

Bitcoin showing hidden bullish divergence (price making an HL while the oscillators making a LL) on the 4hr TF. This signal is a possible trend continuation. It will be invalidated if a 4-hr candle closes below 37.7k dollars.

Peter, gold has been 1900 for years. It’s not up at all. Breaking out? When BTC was 4000, gold was 1900. When BTC was 60k, gold was 1900, now that BTC to 40k, gold is 1900. You are splitting pennies and it’s kind of sad. The fact that it’s still 1900 means that’s it’s lost value.

How much gold has been donated to Ukraine? Crypto is about 40 million and rising ATM.

Yes, breaking that 41k level hurts while Bitcoin’s still sitting on 845,260% growth over the last decade while gold grew by 13.7%. The difference is quite clear indeed.

So, in this climate note that it is wiser to sell expensive gold to buy more Bitcoin.

There could be something inside. Telling you something is wrong. Markets down. Some stocks are down 60-70%. Dollar in an uptrend. Panic in the market over geopolitical tension. Potential rate hikes.   Still, u need 40,000 dollars to buy a single Bitcoin. Think about it.

Yes, gold will always be the world’s highest and most stable way of storing value.

Are you able to predict those movements? If not: zoom out and don’t cherry-pick. Everyone knows Bitcoin is more volatile. So, you can always cherry-pick those moments.

Funny how he brags on bitcoin when people should diversify. Bitcoin is a great hedge, but it’s much newer than good, so its reputation isn’t quite as long. On the plus side, that’s one thing that makes BTC so cool, is that it is New.

Do 20 dollars even cover inflation?

And, he says this every time gold has a few green candles, then goes quiet again when gold drops the moving average and bitcoin shoots up to 50k.

Peter, Bitcoiners remain aligned with the principles you and your family have stood for and many are grateful for having started our spiritual journey years ago based on ideas you promulgated. Now, leave the past behind and JOIN US IN THE 21ST CENTURY.

Fact check: Gold was 1223 dollars 11/23/18, so there’s been a 55% increase Meanwhile, BTC 3,800 dollars to 41,000 dollars, a 970% increase Schiff still stands by that tweet though.

Sometimes, I think if Bitcoin didn’t exist, Pete would have nothing to talk about. You must own some Pete. How anyone can trust you as a manager of their money I have no idea.