Michael Saylor bullish on Bitcoin as it hits $68,000, outperforming traditional assets

From Investing.com

July 22, 2024 5:00:22 pm:

Michael Saylor, co-founder of MicroStrategy, tweeted bullish sentiment towards BTC as the cryptocurrency saw a significant price spike surpassing $68,000. However, Bitcoin later dropped from this peak.

Saylor shared a diagram illustrating Bitcoin’s outperformance compared to traditional assets like S&P 500, Nasdaq, gold, silver, bonds, with BTC showing an annualized return of 55% while indices only at 14%.

Highlighting the superiority of Bitcoin, Saylor emphasized its potential for growth, pointing out MicroStrategy’s share price exceeding that of Nvidia.

Read more at Investing.com: Michael Saylor Issues Crucial Bitcoin Statement as BTC Soars to $68,000 By U.Today