Michael Saylor reiterates Bitcoin's advantages over traditional investments during market downturn
Michael Saylor, the founder and chairman of MicroStrategy, reiterated his bullish stance on Bitcoin in his latest post on X, claiming that the design of this cryptocurrency is intended to surpass traditional investment tools. This statement was made amid a sharp drop in the price of Bitcoin, which led to a widespread reshuffling of the entire crypto market.
Saylor's post provided a striking chart comparing the price performance of various asset classes over 13 years, including Bitcoin, US growth, Nasdaq 100 index, gold, emerging market (EM) stocks, commodities, emerging market bonds, convertible bonds, the entire bond market, and long-term government bonds.
Of all the compared assets, Bitcoin, US growth stocks, Nasdaq 100 index, and US large-cap stocks performed the best. Although these assets have generally shown positive returns almost every year since 2011, Bitcoin's investment return rate is the most amazing.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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