Bitcoin (BTC) has outperformed gold and silver by several orders of magnitude since 2015, rising 27,701%, compared to silver’s 405% rise and gold’s 283% rise over the same period, according to author and analyst Adam Livingston.
“Even if you ignore the first six years of Bitcoin’s existence, for all the crybabies whining about time horizon comparisons, gold and silver are significantly underperforming the apex assets,” Livingston said in the X post.
Gold advocate Peter Schiff, one of Bitcoin’s harshest critics, agreed, telling Livingston that these assets should be compared over the past four years, not the past 10. “Times have changed. The era of Bitcoin is over,” Schiff said.
Matt Golliher, co-founder of Bitcoin asset management firm Orange Horizon Wealth, responded that commodity prices tend to “converge” to production costs in the long run.
“When prices rise, production increases, supply accelerates, and prices fall, unless, of course, supply is fixed,” Golliher said.
“Sources of gold and silver that were unprofitable to market a year ago are now quite profitable at current prices,” he added.
The debate between precious metals proponents and Bitcoiners over which asset is a better long-term store of value continues to rage as precious metals experience historic price increases while Bitcoin stalls and the US dollar depreciates by 10% against major fiat currencies.
Related: Analyst says Bitcoin doesn’t need gold or silver to slow down
USD looks to end 2025 on a bad note, and Fed policy easing will boost rare assets
Media host Ethan Ralph said the US dollar is in the midst of its worst year in a decade, and the US dollar index (DXY) could fall by nearly 10% in 2025.
DXY tracks the strength of the dollar against a basket of major fiat currencies including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc.
According to analyst Arthur Hayes, the decline in the value of the dollar and the US Federal Reserve’s inflationary monetary policy will be a positive catalyst for the prices of rare assets such as gold, silver, and BTC.
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