Bitcoin
Michael Saylor Issues Crucial Statement on Bitcoin as BTC Surges to $68,000 by U.Today
U.Today – Business intelligence firm MicroStrategy co-founder and supporter Michael Saylor addressed the BTC community with a bullish tweet as the world’s leading cryptocurrency saw a substantial price surge.
Despite rising above the $68,000 level earlier today, Bitcoin has since lost that price spike and has been pushed lower again in the past few hours.
Bitcoin surpasses S&P 500 and Nasdaq
Michael Saylor shared a diagram showing Bitcoin’s supremacy over traditional assets and how BTC has surged since August 10, 2020 – the day MicroStrategy made its first Bitcoin purchase.
Over the past four years, Bitcoin’s annualized rate of return has comprised 55%, with the S&P 500 and Nasdaq indexes showing just 14%. While gold and silver show 5% and 2%, bonds have demonstrated -2%, according to the diagram.
“Bitcoin is the only way forward,” Saylor tweeted as if to remind the community that MicroStrategy’s stock price has recently surpassed many other companies, including Nvidia (NASDAQ:).