RATE Group | Crypto Trader Slams Critic Peter Schiff as Bitcoin Outshines Gold by 83,300%
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Crypto Trader Slams Critic Peter Schiff as Bitcoin Outshines Gold by 83,300%

23 Oct Crypto Trader Slams Critic Peter Schiff as Bitcoin Outshines Gold by 83,300%

Posted at 00:52h in Bitcoin News by

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Peter Schiff is not afraid to make extremely bearish calls on bitcoin. It appears that the chairman of SchiffGold sees the cryptocurrency as a competitor of gold. Recently, the gold bug took to Twitter to share his gloom and doom prediction on bitcoin.

Schiff sees a monumental bitcoin collapse | Source: Twitter

The Crypto Twitter (CT) community was quick to respond to Schiff’s ultra bearish stance. One that caught our attention was from bitcoin bull Rampage. The trader contrasted the performance of bitcoin and gold over the last seven years. The gap in gains between the two assets should be more than enough for Peter Schiff to have a serious look at the king of cryptocurrencies.

Bitcoin Skyrocketed by Over 83,300 Percent While Gold Slumped in the Last Seven Years

Bitcoin is the best performing asset of the decade. It has outperformed every other asset out there. Since 2009, the dominant cryptocurrency grew by as much as 163,999 percent. Within the same time period, gold…

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