Michael Saylor: BTC's average annual return beats gold, silver, US stocks

MicroStrategy (MSTR) founder Michael Saylor has countered claims that Bitcoin is a poor investment compared to gold, silver, and stocks by highlighting its average annual returns, BeInCrypto reported. The comments came in response to crypto skeptic and gold bull Peter Schiff, who recently pointed out that BTC's price had risen only 12% over the past five years. Schiff noted that over the same period, which began after Bitcoin's 2021 peak, the Nasdaq rose 57.4%, the S&P 500 gained 59.4%, gold increased by 163%, and silver was up 181%. Saylor argued that Schiff's analysis was biased by its starting point. He stated that when calculated from August 2020, when MicroStrategy began acquiring BTC, the cryptocurrency's average annual return was 36%. This figure surpasses the returns for gold (16%), the Nasdaq (15%), and the S&P 500 (14%) over the same timeframe. Currently, MicroStrategy holds 762,099 BTC, valued at $57.381 billion, and is facing an unrealized loss of approximately $5.948 billion, or about 10%.