U.Today – Michael Saylor, a well-known proponent and co-founder of MicroStrategy, has taken to his username X to share a bullish statement on Bitcoin with the global cryptocurrency community.
This happened when the world's leading digital currency, BTC, suddenly surged by 6%, leaving the $67,000 price level behind.
Bitcoin rises to $67,300, Saylor says
Michael Saylor published a diagram of the dynamics of Bitcoin price growth compared to other assets on financial markets over the past four years, since August 20, when Saylor's company, MicroStrategy, began its regular accumulation of Bitcoin.
According to this chart, digital gold (as Bitcoin is often referred to) has risen by an impressive 460%. Alongside BTC come the S&P 500 and Nasdaq indices with increases of 64% and 62%, respectively. Gold is up 21% and silver has gained just 8% over the past four years. While all of these assets led by Bitcoin have increased in value, bonds, as the chart shows, have plummeted into the red, falling 19%.
Commenting on this bullish lead of Bitcoin among popular assets, Saylor tweeted: “If you’re not winning, you’re losing. #Bitcoin.” Thanks to regular Bitcoin accumulations over the past few years, MicroStrategy currently holds 226,331 BTC valued at $7.538 billion. The most recent purchase was made in June, when the company raised $700 million by offering its investors convertible senior notes specifically to buy more Bitcoin.
Earlier this year, Saylor's company conducted a similar fundraising campaign in March, when it raised $500 million for an additional Bitcoin purchase.
MicroStrategy Outperforms Rivals
According to Saylor’s previous tweet, during the same time period he mentioned above, MicroStrategy’s stock price skyrocketed by 1,203%.
MSTR’s performance outperformed that of Nvidia (NASDAQ:NVD), whose shares soared by 1,050%. Meanwhile, Tesla (NASDAQ:NVD) has since surged 167%. It has outperformed electronics and IT giants such as Apple (NASDAQ:NVD), Google (NASDAQ:NVD), Microsoft (NASDAQ:NVD), and Meta (NASDAQ:NVD). At press time, MSTR is trading at $1,768.
Bitcoin recovers $67,000
Over the past 24 hours, Bitcoin has risen by roughly 6%, reaching the $67,300 area in light of news about the global outage facing Microsoft IT systems around the world following issues experienced by cybersecurity services provider CrowdStrike (NASDAQ:).
At this point, Bitcoin has pulled back a bit and is trading at $66,660.
This article was originally published on U.Today
