MicroStrategy, Bitcoin, and S&P 500 Stock Price Changes
Happycoin.club - Statistics show that it is much more profitable to invest in the technology company MicroStrategy than in bitcoins and shares of the largest American companies.
MicroStrategy founder Michael Saylor posted a chart showing the price of MicroStrategy shares, BTC, and the S&P 500 index, which tracks the stock price of the 500 leading U.S. firms by market cap. Since MicroStrategy first bought bitcoin in August 2020, the firm's assets have risen in price by 1,325%. During that same time, bitcoin has only increased in price by 451%, while the S&P 500 has increased by 71%.
Thus, MicroStrategy securities have almost tripled the profit from the sale of Bitcoin and more than 18 times outperformed the stocks of companies included in the S&P 500. Saylor succinctly commented on the chart data, writing: "HODL."
Michael predictably advises investors to hold MicroStrategy shares, which have risen 152% since the beginning of the year. However, since the end of March, when the bullish rally in the bitcoin market ended, the price of the institution's securities has fluctuated in a wide range from $200 to $100 and is currently at $175. Therefore, it is likely that the value of MicroStrategy's assets will decrease in the near future if the BTC price does not rise.
