Long-time Bitcoin (CRYPTO: BTC) critic Peter Schiff argues that investors would have fared far better holding gold than Bitcoin since the 2021 peak.
How Gold Outperformed Bitcoin
On Tuesday, Schiff pointed out that Bitcoin has fallen more than 66% against gold since its November 2021 high.
By his calculation, a $10,000 investment in Bitcoin at the peak would now be worth roughly $9,100, while the same amount invested in gold would have grown to more than $27,000.
He also noted that despite a recent $80 pullback in gold prices, many gold mining stocks continue to trade higher, with some reaching multi-year or …