As the crypto market rebounds, MicroStrategy co-founder Michael Saylor has released a powerful new statement on bitcoin. The staunch defender of the queen of cryptos asserts its supremacy over other financial asset classes.
Saylor Reaffirms His Unwavering Belief in Bitcoin
On the X platform, the entrepreneur compared the performance of BTC with that of different assets: “ Bitcoin is the only way to progressr. » This statement is in line with Saylor's usual positions, who sees bitcoin as a cure for current economic ills.
The timing of this release is not insignificant. It comes as the bitcoin price rebounds and is once again approaching $68,000, after resisting the selling pressure linked to the massive sales by the German government.
To support his point, Saylor said: sharing a chart comparing the performance of different asset classes since August 2020, when MicroStrategy initiated its massive bitcoin accumulation strategy. The numbers speak for themselves: with an annualized return of 55%, Bitcoin is significantly outperforming the S&P 500 and the Nasdaq (13% each), gold (5%), silver (2%), and bonds (-5%).
MicroStrategy Continues Aggressive Accumulation Strategy
The data reinforces Saylor's belief in bitcoin's superiority as a store of value. It also contradicts recurring criticisms of its volatility, highlighting sustained growth over the long term.
Saylor's philosophy can be summed up as follows: ” If it's not bitcoin, your money is melting. » This belief is reflected in MicroStrategy’s strategy. The company currently holds 226,331 BTC, valued at $7.538 billion, making it one of the largest institutional holders of the crypto.
Despite recent market fluctuations, Saylor remains steadfastly optimistic about the future of BTC. In a recent article titled “Bitcoin to the Moon,” he reaffirms his belief in the digital asset’s bullish potential.
The current rebound in bitcoin, which is trying to regain its advantage over silver after a period of correction, seems to prove Michael Saylor right.
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