2024

Bitcoin

when

Coin

<ul class="news-points">
 <li><strong>Michael Saylor reaffirms Bitcoin’s superiority over traditional investments amid the market downturn.</strong></li>
 <li><strong>A 13-year performance chart shows Bitcoin’s staggering 18,881,969% cumulative growth compared to other assets.</strong></li>
 <li><strong>Bitcoin trades at $57K, down 6.4% in a week and 19% in the past 30 days.</strong></li>
</ul>
<p>In a recent post on X, Michael Saylor, the founder and chairman of MicroStrategy, reiterated his bullish stance on <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, asserting that the cryptocurrency is engineered to outshine traditional investment instruments. This declaration comes at a time when Bitcoin’s price is plummeting, causing a widespread bloodbath across the entire crypto market.</p>
<p>Saylor’s post featured a compelling chart that compared the 13-year price performance of various asset classes, including Bitcoin, U.S. Growth, Nasdaq 100, gold, emerging market (EM) stocks, commodities, EM bonds, convertible bonds, the total bond market, and long-duration treasuries.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a> is engineered to keep winning. <a href="https://t.co/6wevPntnc6" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6wevPntnc6</a></p>— Michael Saylor <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@saylor) <a href="https://twitter.com/saylor/status/1809716997824917904?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 6, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Among all the assets compared, the top performers were Bitcoin, U.S. Growth, Nasdaq 100, and U.S. Large Caps. While these assets have gene…</p>
<p>The post <a href="https://coinedition.com/bitcoin-vs-traditional-assets-chart-shows-crypto-king-despite-recent-bloodbath/" rel="noopener noreferrer nofollow">Bitcoin vs. Traditional Assets: Chart Shows Crypto King Despite Recent Bloodbath</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin vs. Traditional Assets: Chart Shows Crypto King Despite Recent Bloodbath

Coin Edition

Other articles published on Jul 7, 2024

ETF Bitcoin Catat Rekor Arus Masuk Meski Harga Anjlok

2024 Predictions: BlockDAG’s 1300% ROI Takes the Spotlight from Recovering Solana and Stable Monero

Just In: BlockDAG’s Ecosystem Secures $56.4 Million, Eyeing Massive 30,000x Returns Despite Solan...

Vitalik Buterin Faster Ethereum Call: EIP-7732 and the Future of Blockchain Efficiency

XRP’s “Unmatched Utility” Crushes $1 Trillion Threats, Researcher Claims – Price Poised for Takeoff

Legendary Analyst il Capo Speaks After the Declines! He Announced Whether He Sold His Altcoins an...

Join our free newsletter for daily crypto updates!