Bitcoin

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<p>As the crypto market experiences a rebound, Michael Saylor, co-founder of MicroStrategy, has just released a compelling new statement on Bitcoin. The ardent defender of the queen of cryptos reaffirms its supremacy over other financial asset classes.</p>
<h2 id="h-saylor-reaffirms-his-unwavering-conviction-in-bitcoin">Saylor Reaffirms His Unwavering Conviction in Bitcoin</h2>
<p>On the X platform, the entrepreneur compared BTC’s performance with that of different assets: “<em>Bitcoin is the only way to progress</em>.” This assertion aligns with Saylor’s usual stance, who sees Bitcoin as a remedy for current economic woes.</p>
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<p>The timing of this statement is significant. It comes as Bitcoin’s price rebounds and nears $68,000 again, after withstanding the selling pressure from massive sales by the German government.</p>
<p>To support his claims, Saylor <a href="https://u.today/michael-saylor-issues-epic-bitcoin-statement-as-price-rebound-underway" target="_blank" rel="noopener noreferrer nofollow">shared</a> a chart comparing the performances of different asset classes since August 2020, when MicroStrategy initiated its massive <a href="https://www.cointribune.com/en/bitcoin-microstrategy-increases-its-holdings-with-a-purchase-of-786-million/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin accumulation strategy</a>. The figures are compelling: with an annualized return of 55%, Bitcoin far outperforms the S&amp;P 500 and Nasdaq (13% each), gold (5%), silver (2%), and bonds (-5%).</p>
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<h2 id="h-microstrategy-continues-its-aggressive-accumulation-strategy">MicroStrategy Continues Its Aggressive Accumulation Strategy</h2>
<p>This data reinforces Saylor’s conviction about Bitcoin’s superiority as a store of value. It counters the frequent criticisms of its volatility, highlighting sustained long-term growth.</p>
<p>Saylor’s philosophy can be summed up as: “<em>If it’s not Bitcoin, your money melts</em>.” This conviction is concretely reflected in MicroStrategy’s strategy. The company currently <a href="https://www.cointribune.com/en/bitcoin-microstrategy-invests-500-million-in-btc/" target="_blank" rel="noopener noreferrer nofollow">holds</a> 226,331 BTC, valued at $7.538 billion, making it one of the largest institutional holders of crypto.</p>
<p>Despite recent market fluctuations, Saylor remains resolutely optimistic about BTC’s future. In a recent article titled “Bitcoin to the Moon”, he reaffirms his confidence in the digital asset’s bullish potential.</p>
<p>The current Bitcoin rebound, which aims to regain the <a href="https://www.cointribune.com/en/bitcoin-is-launching-an-assault-against-money-and-gold/" target="_blank" rel="noopener noreferrer nofollow">advantage over silver</a> after a period of correction, seems to prove Michael Saylor right.</p>

Bitcoin Outperforms Gold: 55% vs. 5%

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Cointribune EN

Andre artikler publisert på 23. juli 2024

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