Peter Schiff insists that a majority of people who bought the digital asset in 2021 have not gained. digitalasset gold
Gold Bug Peter Schiff Claims Bitcoin's Yearly Gain of 60% Was Achieved in First 5 Weeks of the Year
Indeed, after starting 2021 trading at just above $29,300, the price of bitcoin — as shown by Bitcoin.com— more than doubled and was trading just above $63,500 by mid-April. This is in contrast to Schiff’s gold which started the year trading at around $1,900 per ounce but had dropped to $1,730 at around the same time.
Gold, on the other hand, ended the year nearly 4% lower, a fact Schiff does not mention in one of his last anti-bitcoin tweets of 2021. Instead, he uses the crypto asset’s price in February 2021 to support his argument that bitcoin has not generated positive returns for a majority of investors. Schiff said:
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