Michael Saylor Breaks Silence on BlackRock Bitcoin Whitepaper ‼️💭$BTC
📌MicroStrategy Founder and Chairman Michael Saylor has finally commented on a recently released Bitcoin Whitepaper from BlackRock. Saylor’s comments come after popular figures like Bloomberg’s Senior ETF Analyst Eric Balchunas shed light on the BlackRock Bitcoin whitepaper.
📌Michael Saylor’s Support for BlackRock Bitcoin Whitepaper
“For investors,#Bitcoinis a unique diversifier,” Saylor said, referring to the Bitcoin whitepaper as an excellent piece of research that articulates the value of Bitcoin and dispels popular misconceptions.
📌As U.Today previously reported, MicroStrategy currently owns 1.17% of all Bitcoin. It has steadily increased its Bitcoin holdings, which are larger than most Exchange Traded Funds (ETFs) in the market.
📌BlackRock’s Bitcoin whitepaper details
BlackRock’s Bitcoin whitepaper, “Bitcoin: A Unique Diversifier,” provides an in-depth analysis of Bitcoin’s journey to a $1 trillion market cap. The nine-page document notes that investors’ appeal to Bitcoin lies in its detachment from traditional risk and return drivers.
📌In addition, it shows that Bitcoin has outperformed all major asset classes in seven of the last ten years, delivering an annualized return of almost 100%. This performance was achieved despite Bitcoin being the worst performer in three of these years, according to BlackRock. Notably, Bitcoin has experienced four declines exceeding 50%.
📌The whitepaper also highlights that geopolitical, financial, and monetary stability concerns will likely impact Bitcoin’s adoption trajectory.