U.Today – Michael Saylor, CEO of software giant MicroStrategy and a well-known bull, shattered Monday’s tranquil in the cryptocurrency space with a fresh viral post. Titled “Hodl On,” the head of MicroStrategy posted an infographic showing the price performance of various assets such as BTC, MSTR shares and the S&P 500 since the software provider adopted its Bitcoin strategy on August 20.
As you can see, the best-performing asset over the four-year period was Microstrategy (NASDAQ:) stock, which rose 1,325% according to Saylor’s chart. The second best asset was the cryptocurrency itself, which guaranteed its holders a 451% return on investment.
Since the summer of 2020, Bitcoin’s price has reached a fresh all-time high of $69,000, dropped to $15,500 in the wake of the FTX collapse, and recovered to a fresh high of $74,000.
Meanwhile, the results of the main index of the American stock exchange, S&P 500, increased “only” by 71%. Not many people will argue that this isn’t much over the course of four years, but compared to MSTR and BTC it still doesn’t seem like a lot.
Don’t worry about Michael Saylor
Saylor’s post is not intended to brag, but rather to confirm his bullish stance on the major cryptocurrency. Over the past four days, Bitcoin’s price has returned above $65,000, but the weekend pump ended with a decline back to $63,500.
This action, while not as dramatic in terms of percentage changes, has concerned traders who are now increasing the possibility of BTC testing key levels lower at $62,300 and even lower at $58,000.
Whether this will be the scenario for Bitcoin in the near future is an open question, but as you can judge from the fresh entry, for Michael Saylor, petite time frames do not matter.
