In a tweet, Saylor took aim at gold, saying that if he had chosen the precious metal instead of Bitcoin in 2020, it would have been a mistake in the “multi-billion dollar” neighborhood.
He explained how gold does not fit the bill as a store of value asset over the past 10 years, saying, in fact, it has been the opposite of that.
He argues that Bitcoin’s outperformance of gold over the past decade is not proof that the cryptocurrency is the better asset.
Schiff points to Ethereum as a case in point, saying the second-biggest cryptocurrency’s returns have beat those of Bitcoin over the past six years and posing the question of whether Ethereum is better than gold.