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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Bitcoin is still in a bear market: Peter Schiff</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin outperforms gold: Gabor Gurbacs</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  On Tuesday, March 24,&nbsp;Bitcoin hater and gold proponent Peter Schiff stated that the flagship crypto&nbsp;<a href="https://u.today/bitcoin-btc-still-behind-gold-xau-despite-overnight-surge-peter-schiff">may never see a new high again</a>, unlike gold.
    
    Now, VanEck’s expert on crypto, Gabor Gurbacs, responded&nbsp;to Schiff, offering a different look at the gold-vs-Bitcoin situation.
    
    Bitcoin is still in a bear market: Peter Schiff
    
    The chief of Euro Pacific Capital, Peter Schiff, took to Twitter to criticize Bitcoin again as opposed to his favourite, gold (XAU). He was ignoring the 12-percent rise BTC showed on Tuesday, only drawing attention to gold’s seven percent rise.
    
    He stated that BTC was still in a bear market, unlike gold.
                    
                      
        
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    <blockquote class="twitter-tweet">
    <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> bugs are accusing me of ignoring Bitcoin's 12% gain today, while tweeting about gold's 7% rise. Bitcoin is still in a bear market. It's still down 35% from its 2020 high, and 3% YTD. In contrast, gold is in a bull market. It's only 2% below its 2020 high, and up 7% YTD.
    — Peter Schiff (@PeterSchiff) <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1242421760211013632?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bitcoin outperforms gold: Gabor Gurbacs
    
    <a href="https://u.today/is-bitcoin-btc-wasteful-vanecks-gabor-gurbacs-has-perfect-response-for-ripple-ceo">Gabor Gurbacs</a>, a major expert on crypto at VanEck, has responded to Peter Schiff, offering facts contradictory to those tweeted by the head of Euro Pacific Capital.
    
    Gurbacs also shared&nbsp;figures about XAU and BTC, stating that from 2011 XAU is down 13 percent. Unlike the traditional hedge tool, Bitcoin is ‘6,000 times +’ up from the same year, the VanEck’s expert said.
    
    Besides, he insisted&nbsp;that Bitcoin has done better than XAU in most standardized time periods.
    
    <blockquote class="twitter-tweet">
    Gold is down 13% since 2011 highs. Bitcoin is up *6000 times+* since early 2011. Bitcoin also outperforms gold in most standardized time periods. Once again, history and standardized performance conveniently ignored. Why not be fair to Bitcoin?
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1242560856954675201?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
    
    
    Commenting on the recent moves of the Fed and the US government regarding the QE program and sending <a rel="nofollow" target="_blank" href="#">$1,200 cheques</a> to US citizens to support them throughout the coronavirus pandemic, Gabor Gurbacs stated:
    
    <blockquote class="twitter-tweet">
    <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> isn’t the virus; it’s the vaccine.?
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1242513537752281090?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
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                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h20">Bitcoin is still in a bear market: Peter Schiff</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h31">Bitcoin outperforms gold: Gabor Gurbacs</a></li></ul>
                    
                      
        
                        
    
    
    
                      
        
                        
    
    
    
                    
                  On Tuesday, March 24,&nbsp;Bitcoin hater and gold proponent Peter Schiff stated that the flagship crypto&nbsp;<a href="https://u.today/bitcoin-btc-still-behind-gold-xau-despite-overnight-surge-peter-schiff">may never see a new high again</a>, unlike gold.
    
    Now, VanEck’s expert on crypto, Gabor Gurbacs, responded&nbsp;to Schiff, offering a different look at the gold-vs-Bitcoin situation.
    
    Bitcoin is still in a bear market: Peter Schiff
    
    The chief of Euro Pacific Capital, Peter Schiff, took to Twitter to criticize Bitcoin again as opposed to his favourite, gold (XAU). He was ignoring the 12-percent rise BTC showed on Tuesday, only drawing attention to gold’s seven percent rise.
    
    He stated that BTC was still in a bear market, unlike gold.
                    
                      
        
                            Ads
    
    
    
    
                      
        
                            Ads
    
    
    
    
                    
                  
    
    <blockquote class="twitter-tweet">
    <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> bugs are accusing me of ignoring Bitcoin's 12% gain today, while tweeting about gold's 7% rise. Bitcoin is still in a bear market. It's still down 35% from its 2020 high, and 3% YTD. In contrast, gold is in a bull market. It's only 2% below its 2020 high, and up 7% YTD.
    — Peter Schiff (@PeterSchiff) <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1242421760211013632?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
    
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Bitcoin outperforms gold: Gabor Gurbacs
    
    <a href="https://u.today/is-bitcoin-btc-wasteful-vanecks-gabor-gurbacs-has-perfect-response-for-ripple-ceo">Gabor Gurbacs</a>, a major expert on crypto at VanEck, has responded to Peter Schiff, offering facts contradictory to those tweeted by the head of Euro Pacific Capital.
    
    Gurbacs also shared&nbsp;figures about XAU and BTC, stating that from 2011 XAU is down 13 percent. Unlike the traditional hedge tool, Bitcoin is ‘6,000 times +’ up from the same year, the VanEck’s expert said.
    
    Besides, he insisted&nbsp;that Bitcoin has done better than XAU in most standardized time periods.
    
    <blockquote class="twitter-tweet">
    Gold is down 13% since 2011 highs. Bitcoin is up *6000 times+* since early 2011. Bitcoin also outperforms gold in most standardized time periods. Once again, history and standardized performance conveniently ignored. Why not be fair to Bitcoin?
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1242560856954675201?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
    
    
    Commenting on the recent moves of the Fed and the US government regarding the QE program and sending <a rel="nofollow" target="_blank" href="#">$1,200 cheques</a> to US citizens to support them throughout the coronavirus pandemic, Gabor Gurbacs stated:
    
    <blockquote class="twitter-tweet">
    <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> isn’t the virus; it’s the vaccine.?
    — Gabor Gurbacs (@gaborgurbacs) <a rel="nofollow" target="_blank" href="https://twitter.com/gaborgurbacs/status/1242513537752281090?ref_src=twsrc%5Etfw">March 24, 2020</a></blockquote>
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Bitcoin (BTC) Has Massively Outpaced Gold (XAU) Since 2011: VanEck’s Expert

Wed, 03/25/2020 - 10:21
article image
Yuri Molchan
When replying to gold bug Peter Schiff, Gabor Gurbacs from VanEck offered proof that BTC has been doing much better than gold and is over 6,000x times up since 2011
Bitcoin (BTC) Has Massively Outpaced Gold (XAU) Since 2011: VanEck’s Expert
Cover image via stock.adobe.com
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Contents

On Tuesday, March 24, Bitcoin hater and gold proponent Peter Schiff stated that the flagship crypto may never see a new high again, unlike gold.

Now, VanEck’s expert on crypto, Gabor Gurbacs, responded to Schiff, offering a different look at the gold-vs-Bitcoin situation.

Bitcoin is still in a bear market: Peter Schiff

The chief of Euro Pacific Capital, Peter Schiff, took to Twitter to criticize Bitcoin again as opposed to his favourite, gold (XAU). He was ignoring the 12-percent rise BTC showed on Tuesday, only drawing attention to gold’s seven percent rise.

He stated that BTC was still in a bear market, unlike gold.

card

Bitcoin outperforms gold: Gabor Gurbacs

Gabor Gurbacs, a major expert on crypto at VanEck, has responded to Peter Schiff, offering facts contradictory to those tweeted by the head of Euro Pacific Capital.

Gurbacs also shared figures about XAU and BTC, stating that from 2011 XAU is down 13 percent. Unlike the traditional hedge tool, Bitcoin is ‘6,000 times +’ up from the same year, the VanEck’s expert said.

Besides, he insisted that Bitcoin has done better than XAU in most standardized time periods.

Commenting on the recent moves of the Fed and the US government regarding the QE program and sending $1,200 cheques to US citizens to support them throughout the coronavirus pandemic, Gabor Gurbacs stated:

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.