Michael Saylor, the Chief Executive Officer of MicroStrategy and a proponent of Bitcoin adoption, will face off against Frank Giustra in a Bitcoin vs. Gold debate. Saylor became a Bitcoin supporter in 2020, and since then, he has “been a strong ambassador” for the cryptocurrency by buying it and inspiring many fintech firms to do the same. Frank Giustra, on the other hand, is a Canadian gold enthusiast.
In the Bitcoin vs Gold controversy, Michael Saylor will be on the side of Bitcoin, while Frank Giustra will be on the side of Gold, as shown by their involvement. Frank, the Fiore Group’s Chief Executive Officer, made a big fortune from gold after spending a lot of time learning about it. Frank created a lot of excitement when he challenged Saylor to a Bitcoin vs. Gold debate on Twitter. Saylor agreed to take on the challenge.
This Bitcoin vs Gold debate has sparked interest in the crypto community, with Bitcoin supporters expressing trust in Saylor’s arsenal of points to secure Bitcoin’s victory. Saylor appears ready for the task, using a compound yearly growth trend chart that shows Bitcoin outperforming major stocks including Amazon and Gold as a tool.
According to current market statistics, Saylor’s decision to go against Gold in terms of output would guarantee Bitcoin’s victory. According to data released by JPMorgan last week, Bitcoin is outperforming Gold in terms of accumulated inflows, suggesting that investors prefer Bitcoin to Gold.
In terms of annual returns, Bitcoin tends to be the winner, as it posts its best first quarter result in nearly eight years in 2021. Gold, on the other hand, according to Goldman Sachs, is currently the asset with the worst results.