Michael Saylor, founder and chairperson of MicroStrategy, reiterated his bullish stance on bitcoin in a recent post on X, claiming that the cryptocurrency is designed to outperform traditional investment vehicles. The announcement comes as the price of bitcoin has plummeted, causing a widespread shakeout of the entire crypto market.
Thaler's post provides a compelling chart comparing 13 years of price performance across various asset classes, including bitcoin, U.S. growth, the Nasdaq 100, gold, emerging market (EM) stocks, commodities, emerging market bonds, convertible bonds, the overall bond market, and long-term Treasuries.
Of all the assets compared, the best performers were bitcoin, US growth stocks, the Nasdaq 100 and US large-cap stocks. While these assets have generally posted positive returns almost every year since 2011, bitcoin's return on investment has been the most striking.
Michael Saylor reaffirms bitcoin's advantages over traditional investments during the market downturn
2024-07-07 22:58:34
Microstrategy founder chairperson michael saylor post reiteration bitcoindesk3cryptocurrencydesktopCrypto News
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