"Despite bitcoin's mere 12% rise over the past five years, MSTR is up 68.5%, outperforming the NASDAQ. But that's not due to bitcoin's performance. It's due to investors' willingness to overpay for MSTR so Saylor could keep overpaying for bitcoin."
"Over the past five years, the price of bitcoin is up by just 12%. Over the same time period, the NASDAQ is up 57.4%, the S&P 500 is up 59.4%, gold is up 163%, and silver is up 181%."
"Evaluating BTC requires selecting appropriate timeframes, highlighting stronger performance over longer horizons. The chart he shared shows bitcoin leading with a 36% annualized return since August 2020."
Peter Schiff and Michael Saylor engaged in a public debate regarding bitcoin and the performance of Strategy stock (MSTR). Schiff criticized bitcoin's 12% return over five years and urged selling MSTR after its 68.5% rise, warning of a potential crash. Saylor defended bitcoin, citing a 36% annualized return since August 2020 and emphasizing the importance of long-term evaluations. Schiff compared bitcoin's performance unfavorably to other assets, questioning its appeal as a long-term investment.
Read at news.bitcoin.com
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