Peter Schiff loves DOGE

Do repost and rate:

Cherry-picking data, as usual, Peter compared the growth of DOGE vs BTC. However, what he didn't state in his tweet was that he only went as far back as the start of 2021. And this is where the disingenuous nature of his "analysis" comes it. If you were to look at DOGE since its inception, it has gone up almost 1000x. If you look at BTC since its inception and normalise the chart, DOGE coin isn't even close to where BTC is. DOGE isn't even at 1,000x, whereas BTC was at two orders of magnitude above where DOGE coin is at today. The current phase in DOGE's lifecycle coincides with BTC's peak in 2017 in terms of days after inception. BTC was approaching 1,000,000x since inception. "What about gold?" I hear you ask. Looking back 50 or so years, what do you get when you normalise the ROI of gold? It's 40-50x, Mr Schiff. Even if you were to go back another 100 years on the gold chart, it would still need to go through several orders of magnitude to get to the same ROI as BTC. Schiff, if you dislike BTC so much, stop tweeting rubbish about it and stick to your gold.   

Regulation and Society adoption

Ждем новостей

Нет новых страниц

Следующая новость