According to U.Today, MicroStrategy cofounder and Bitcoin advocate Michael Saylor has once again made a significant statement about the digital asset. Shared on the social media platform X, Saylor emphasized his bullish stance on Bitcoin, declaring, “Bitcoin is the only way to get ahead.” This statement aligns with his long-standing belief in Bitcoin as a solution to economic challenges. His comments come as Bitcoin's price rebounds, aiming for the $68,000 mark.
Saylor's recent statement is supported by data showing the annualized rate of return for six asset classes since August 10, 2020, when MicroStrategy began its extensive Bitcoin accumulation strategy. The data reveals that Bitcoin has surged by 55%, significantly outperforming the S&P 500 and Nasdaq, both of which recorded 13% gains. Gold and silver showed modest returns of 5% and 2%, respectively, while bonds recorded a negative 5% return. This performance underscores Bitcoin's consistent growth despite its volatility, a point often criticized by detractors like Peter Schiff, who advocates for gold investment.
MicroStrategy's aggressive Bitcoin accumulation strategy has resulted in the company holding 226,331 BTC, valued at $7.538 billion, making it one of the largest holders of the digital asset. Saylor's philosophy, “If it is not Bitcoin, your money is melting,” drives this approach. He remains optimistic about Bitcoin's future, recently expressing his positive outlook in a post titled 'Bitcoin to the Moon.'
