Michael Saylor Declares Bitcoin (BTC) Would Have Outperformed Every S&P 500 Company in the Last Four Years

Michael Saylor, co-founder and chairman of MicroStrategy, has made a bold statement that has resonated with the crypto community, as Bitcoin briefly touched the $65,000 mark.

Co-founder and chairman of MicroStrategy, Michael Saylor, has made a bold statement in light of Bitcoin's recent surge to $65,000, which has delighted the crypto community.

Rising demand for U.S. exchange-traded funds (ETFs) has helped Bitcoin reach the $65,000 mark for the first time in nearly three weeks, amidst concerns that the Federal Reserve is preparing to ease monetary policies.

During Sunday's trading session, the largest digital asset hit highs of $65,050 before dipping below $64,000 on Monday. In the past week, Bitcoin has gained over 10%, marking its biggest rise since mid-July.

"Four years on the Bitcoin Standard, and you would have outperformed every company in the S&P 500," Saylor stated in an X post.

Four years on the #Bitcoin Standard, and you would have outperformed every company in the S&P 500.

Accompanying his tweet was an image comparing MicroStrategy's stock performance to other S&P 500 companies since the firm adopted its Bitcoin strategy in August 2020. The data showed that MicroStrategy had outperformed significantly, surpassing major companies like Nvidia and Marathon Oil.

MicroStrategy, among the first public companies to adopt Bitcoin as a primary treasury reserve asset, has seen substantial gains throughout its Bitcoin journey.

Saylor's tweet, together with the image, highlighted how MicroStrategy's stock has outperformed major S&P 500 companies over the last four years, thanks to its Bitcoin strategy, surpassing Nvidia, Marathon Oil, and others.

$252 million net inflow as Bitcoin rises

In a speech at the Jackson Hole Economic Symposium on Friday, Fed Chair Jerome Powell gave the clearest indication yet that the central bank could be set to lower benchmark interest rates from a more than two-decade high, suggesting a more positive liquidity backdrop for global markets.

Bitcoin's price surged following Powell's speech, reaching highs of $65,050 in Sunday's trading session. At the time of writing, Bitcoin had fallen 0.06% in the previous 24 hours to $63,930.

Powell's signal led to a net inflow of $252 million into a group of a dozen U.S. spot Bitcoin ETFs on the same day, the largest in over a month, according to Bloomberg. The funds have seen seven consecutive days of inflows.

The above is the detailed content of Michael Saylor Declares Bitcoin (BTC) Would Have Outperformed Every S&P 500 Company in the Last Four Years. For more information, please follow other related articles on the PHP Chinese website!