Saylor highlighted how Bitcoin beats all other top assets globally
Michael Saylor dragged the attention of his followers on Bitcoin’s dominance over every other asset class in terms of price growth.
Michael Saylor is the former CEO & chairman at the American publicly trading business intelligence firm Microstrategy. He always remains active on X (formerly Twitter) to talk about Bitcoin in every possible way. In Aug 2022, Saylor stepped down from the CEO role, to use his full time for the company’s Bitcoin-related initiatives. Currently, Microstrategy holds 226,331 BTC with a net unrealised profit of $6.36 billion at the current trade price of Bitcoin.
On 23 July 2024, Michael Saylor shared the list of top assets to show their corresponding returns in between 2011 to 2024 and said that nothing beats Bitcoin (BTC), a top-ranked digital asset.
We can see that Bitcoin showed an average 148.5% return per year, in between 2011 to 2024.
It is worth it to note that Bitcoin’s price reached a new high of $73,737 in March 2024 after the launch of the Bitcoin spot ETF products in the US. Because of the high amount of money inflow in the Bitcoin market due to the BTC ETFs, It exceeded its previous peak before the last halving, making this bull run unusual.
The current trade price of Bitcoin is down -12.73% from its peak, and it’s uncertain if it will rise back soon due to a lack of positive triggers.
The current trade price of Bitcoin is $64,417 & this trade price is 4.2% down over the last 30 days period. Notably the trade price of Bitcoin has been fluctuating around $65k level since the last 90 days.
By addressing this current scenario, popular crypto analyst TitanOfCrypto shared his opinion and noted that Bitcoin is still on the Bitcoin bull pattern path.
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