U.Today – supporter and co-founder of business intelligence firm MicroStrategy, Michael Saylor, has addressed the BTC community with a bullish tweet, as the world's leading cryptocurrency has seen a substantial price increase.
Despite breaking above the $68,000 level earlier today, Bitcoin has since lost this price peak and has fallen back in recent hours.
Bitcoin outperforms the S&P 500 and Nasdaq
Michael Saylor shared a chart showing Bitcoin's supremacy over traditional assets and how BTC had risen since August 10, 2020, the day MicroStrategy made its first Bitcoin purchase.
Over the past four years, Bitcoin's annualized return rate has been 55%, while the S&P 500 and Nasdaq indices show only 14%. While gold and silver show 5% and 2%, bonds have shown -2%, according to the chart.
“Bitcoin is the only way forward,” Saylor tweeted as if to remind the community that MicroStrategy’s stock price recently outperformed many other companies, including Nvidia (NASDAQ:).
This article was originally published on U.Today
