A man named Peter Schiff said that Bitcoin is not good and silver is better. He compared how much they grew in value recently, but some people say he picked the time period to make it look bad for Bitcoin. If we look at a longer time, Bitcoin has grown more than silver. Some other users reminded him that gold, another precious metal he likes, also did not grow as much as Bitcoin since 2018. Read from source...

1. Schiff cherry-picks the data to suit his agenda and ignores longer time frames that show Bitcoin's superior performance over silver. He uses short periods of time to exaggerate Bitcoin's weaknesses and downplay its strengths. This is a common fallacy in reasoning known as "confirmation bias".
2. Schiff's comparison between Bitcoin and silver is flawed, because they are not comparable assets. Bitcoin is a digital, decentralized, scarce money that transcends geopolitical boundaries, while silver is a physical commodity subject to supply chain disruptions, storage costs, and manipulation by central authorities. The value of bitcoin is derived from its network effects, security, and utility, while the value of silver depends on various factors such as industrial demand, inflation, and monetary policy.
3. Schiff's claim that Bitcoin is dead because it underperformed silver in a short period of time is irrational and emotional. It ignores the fact that Bitcoin has outperformed most other assets, including gold and silver, over longer periods of time. It also neglects the potential benefits of Bitcoin's innovation, adoption, and network effects that could drive its value higher in the future.
4. Schiff's preference for silver over Bitcoin is based on his personal beliefs and biases, rather than objective analysis. He has a history of being bearish on Bitcoin and favoring precious metals, which creates a conflict of interest when he promotes them to his followers. He also lacks understanding of the underlying technology and principles that make Bitcoin unique and revolutionary.

Bearish on Bitcoin and bullish on silver.

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