Coin Edition -
- Michael Saylor pointed out that Bitcoin has outperformed all major investment options.
- BTC has given a 432% ROI since August 10, 2020, while S&P 500 has given an ROI of 56%.
- Saylor stated that “volatility is vitality” in an X post, highlighting the nature of Bitcoin.
MicroStrategy’s former chief executive and Executive Chairman, Michael Saylor, took to social media platform X to highlight the performance of Bitcoin (BTC) since August 10, 2020, and compare it with the ROIs of other investment options.
In the X post, Saylor highlighted that “Bitcoin is winning” while noting that the digital asset has gone up by 432% since August 10, 2020. At the same time, S&P 500 has given an ROI of 56%, while NASDAQ is up by only 50%.
Meanwhile, gold gave only 7% returns since the mentioned time frame, while silver and bonds gave negative returns of -13% and -19%, respectively.
Last week, Saylor stated that “Volatility is Vitality” in an X post, emphasizing that Bitcoin’s dynamic price movements are a part of the digital asset market’s fundamentals.
Notably, Saylor has been a huge Bitcoin bull since 2020, recently stating that Bitcoin represents the digital transformation of capital. The former MicroStrategy chief executive believes that Bitcoin’s price is driven by its major use case of “capital preservation and appreciation.”
In March 2024, Bitcoin witnessed a price surge from $61,000 to a new all-time high above $73,000. At the time of writing, the price of the leading asset stands at $67,000, just below BTC’s previous ATH of $69,000. As per CoinMarketCap, the price of BTC is up almost 5% in the past 24 hours, while the trading volume is up 27.85%. The market capitalization of Bitcoin stands at $1.3 trillion, according to the data.
The post Michael Saylor Highlights Bitcoin Outperforming Everything Since 2020 appeared first on Coin Edition.