Michael Saylor, the supporter and co-founder of MicroStrategy, has once again made headlines with a bullish tweet about Bitcoin. The world’s leading cryptocurrency experienced a significant price spike, surpassing the $68,000 mark earlier today.
However, despite this initial surge, Bitcoin has since retraced its steps and has been pushed back down in the past few hours.
Bitcoin Outperforms S&P 500 and Nasdaq
In a recent tweet, Michael Saylor shared a diagram illustrating the superior performance of Bitcoin compared to traditional assets. Since August 10, 2020, when MicroStrategy made its first Bitcoin purchase, BTC has seen a remarkable increase.
According to the diagram, over the past four years, Bitcoin has shown an annualized rate of return of 55%, while the S&P 500 and Nasdaq indices have only managed 14%. Gold and silver have seen returns of 5% and 2%, respectively, while bonds have demonstrated a negative return of -2%.
Saylor emphasized the importance of Bitcoin by stating, “Bitcoin is the only way to get ahead.” He also pointed out that the share price of MicroStrategy has surpassed that of many other companies, including Nvidia.
Overall, Michael Saylor’s bullish stance on Bitcoin and the cryptocurrency’s impressive performance in comparison to traditional assets highlight the potential for significant returns in the digital asset space. Investors may want to consider adding Bitcoin to their portfolios for long-term growth and diversification.