Michael Saylor, the former CEO, and Executive Chairman of MicroStrategy, utilized social media platform X to underscore Bitcoin’s performance since August 10, 2020, juxtaposing it against the returns on other investment avenues.
In his X post, Saylor emphasized that Bitcoin has been outperforming, noting a remarkable surge of 432% since August 10, 2020. In comparison, the S&P 500 yielded a 56% return, and the NASDAQ saw a modest increase of only 50%.
Conversely, gold yielded a meager 7% return during the same period, while silver and bonds incurred negative returns of -13% and -19% respectively.
Recently, Saylor conveyed in another X post that he believes “Volatility is Vitality,” highlighting Bitcoin’s dynamic price movements as intrinsic to the digital asset market’s fundamentals.
Saylor has long been an advocate for Bitcoin, asserting that it embodies the digital evolution of capital. He contends that Bitcoin’s price is propelled by its primary utility of “capital preservation and appreciation.”
In March 2024, Bitcoin experienced a surge in price from $61,000 to a new record high surpassing $73,000. At the time of writing, the leading asset is valued at $67,000, slightly below its previous all-time high of $69,000.
