U.Today – Michael Saylor, renowned evangelist and co-founder of MicroStrategy, shared an bullish statement about Bitcoin to the global cryptocurrency community on his X account.
This happened when the price of the world’s leading digital coin BTC suddenly increased by 6%, exceeding the $67,000 level.
Bitcoin Rise to $67,300, Saylor Weighs In
Michael Saylor published a chart of bitcoin’s price growth relative to other assets in the financial markets over the past four years — since August 20, when Saylor’s firm MicroStrategy began regularly accumulating bitcoin.
According to this chart, digital gold (as Bitcoin is often called) is up an impressive 460%. Alongside BTC are the S&P 500 and Nasdaq with gains of 64% and 62% respectively. Gold is up 21%, while silver has gained just 8% over the past four years. While all of these assets, led by Bitcoin, have been rising in value, bonds, as the chart shows, have fallen into the red by 19%.
Commenting on Bitcoin’s bullishness as a popular asset, Saylor tweeted, “If you’re not winning, you’re losing. #Bitcoin.” Thanks to its steady accumulation of Bitcoin in recent years, MicroStrategy now holds 226,331 BTC, worth $7.538 billion. The last purchase came in June, when the company raised $700 million by offering its investors convertible senior notes specifically to buy more Bitcoin.
Earlier this year in March, a similar fundraising campaign was conducted by Saylor’s company when it raised $500 million for another Bitcoin purchase.
MicroStrategy outperforms its rivals
According to an earlier tweet by Saylor, during the same period mentioned above, MicroStrategy’s stock price skyrocketed by 1,203%.
It outperformed Nvidia (NASDAQ:), whose stock is up 1,050%. Meanwhile, Tesla (NASDAQ:) has since risen 167%. It has outpaced electronics and IT giants like Apple (NASDAQ:), Google (NASDAQ:), Microsoft (NASDAQ:), and Meta (NASDAQ:). At the time of going to press, MSTR is trading at $1,768.
Bitcoin Recovers $67,000
Bitcoin is up about 6% in the past 24 hours, reaching $67,300, amid reports of a global outage of Microsoft’s IT systems around the world following problems experienced by cybersecurity provider CrowdStrike (NASDAQ:).
Currently, Bitcoin’s value has dropped slightly and currently stands at $66,660.
