RATE Group | Bitcoin Parabolic Growth Vs Peter Schiff’s 2011 Gold Recommendation
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Bitcoin Parabolic Growth Vs Peter Schiff’s 2011 Gold Recommendation

11 Jan Bitcoin Parabolic Growth Vs Peter Schiff’s 2011 Gold Recommendation

Posted at 07:30h in Bitcoin News by

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If you had to pick between gold and Bitcoin in 2011, at first the choice would look like a no-brainer. A beautiful physical metal, craved for millennia, or a just-starting thing called “bitcoin”, only existing as an abstraction of computational results?

Gold Led to Losses, Bitcoin Boomed

No wonder Peter Schiff recommended gold as an investment back in 2011. But the results from investing $10,000 in gold and BTC are really something to behold.

Curiously, gold did not even work as a store of value. Investing $10,000 in gold would actually lead to a net loss from 2011 onward. One of the reasons is that gold bugs reawakened during the…

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