Bitcoin Outperforms Gold: 55% vs. 5%

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.

Saylor Reaffirms His Unwavering Conviction in Bitcoin

On the X platform, the entrepreneur compared BTC’s performance with that of different assets: “Bitcoin is the only way to progress.” This assertion aligns with Saylor’s usual stance, who sees Bitcoin as a remedy for current economic woes.

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.

To support his claims, Saylor shared a chart comparing the performances of different asset classes since August 2020, when MicroStrategy initiated its massive Bitcoin accumulation strategy. The figures are compelling: with an annualized return of 55%, Bitcoin far outperforms the S&P 500 and Nasdaq (13% each), gold (5%), silver (2%), and bonds (-5%).

MicroStrategy Continues Its Aggressive Accumulation Strategy

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.

Saylor’s philosophy can be summed up as: “If it’s not Bitcoin, your money melts.” This conviction is concretely 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 crypto.

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.

The current Bitcoin rebound, which aims to regain the advantage over silver after a period of correction, seems to prove Michael Saylor right.