2024

Bitcoin

when

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Bitcoin supporter and a co-founder of MicroStrategy business intelligence company <a href="https://u.today/michael-saylor-reacts-to-musks-apparent-bitcoin-endorsement" rel="noopener noreferrer nofollow">Michael Saylor</a> has addressed the BTC community with a bullish tweet, while the world’s leading cryptocurrency has printed a substantial price spike.
Despite the surge above the $68,000 level earlier today, Bitcoin has lost this price peak and has been pushed back down over the past several hours.
<h2 id="bitcoin-surpasses-sp-500-and-nasdaq">Bitcoin surpasses S&amp;P 500 and Nasdaq</h2>
Michael Saylor shared a diagram which shows the supremacy of Bitcoin over traditional assets and how BTC had increased since August 10, 2020 – the day, when MicroStrategy made its first ever Bitcoin purchase.
Over the past four years, the Bitcoin annualized rate of return has comprised 55% with S&amp;P 500 and Nasdaq indices showing only 14%. While gold and silver show 5% and 2%, bonds have demonstrated -2%, according to the diagram.
“Bitcoin is the only way to get ahead,” Saylor tweeted as if reminding the community that recently the share price of MicroStrategy has also surpassed many other companies, including Nvidia.
<blockquote>
 <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> is the only way to get ahead. <a href="https://t.co/08jMFa1M9l" rel="noopener noreferrer nofollow">pic.twitter.com/08jMFa1M9l</a>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1815356180799136202?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
</blockquote>

Michael Saylor Issues Crucial Bitcoin Statement as BTC Soars to $68,000

Table of Contents

U_Today

Other articles published on Jul 22, 2024

Ripple News: $1.4 Billion Stock Buyback Planned Before IPO – Garlinghouse Signals XRP Confidence

Crypto: The SEC Accused of Stifling Innovation by Seven U.S. States

ZChains Announces Mainnet Launch and ZCD Listing

Bernstein Claims Cryptocurrency Market Isn’t “Pricing In” Donald Trump, Reveals Details

NIST annnounces funding opportunity for AI-oriented manufacturing in U.S.

Toncoin Decreases More Than 3% Within 24 hours

Join our free newsletter for daily crypto updates!