|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
Bitcoin (BTC) Crushes Gold (GLD) and Bonds (BND) by Gains, Evangelists Michael Saylor Says “Bitcoin is Winning”
Sep 28, 2024 at 04:00 pm
Michael Saylor, Bitcoin permabull and the co-founder of MicroStrategy juggernaut that stacks BTC, has published a tweet to highlight Bitcoin's high performance
Bitcoin (BTC) has shown massive outperformance compared to leading assets in conventional financial markets, according to a tweet by Michael Saylor, the co-founder and former CEO of MicroStrategy (NASDAQ:MSTR).
Over the past few days, Bitcoin has demonstrated an increase of more than 5%, reclaiming the $66,000 price mark. Saylor shared a diagram to highlight Bitcoin’s high performance. As per Saylor’s post, since August 2020 (the month and year when MicroStrategy made its first Bitcoin purchase), Bitcoin has been showing annual gains much higher than traditional markets.
Bitcoin smashes gold and bonds by gains
Bitcoin evangelist Saylor shared a diagram to demonstrate Bitcoin’s excellence in annual performance over other top assets. According to Saylor’s post, since August 2020 (the month and year when MicroStrategy made its first Bitcoin purchase) Bitcoin has been showing annual gains much higher than traditional markets.
As of September this year, BTC shows annual gains of 51%. The second largest after it comes the Magnificent 7 stocks index (which includes such monsters as Amazon, Microsoft, Apple and Tesla) with 27%, followed by S&P 500 (14% rise), real estate (10% increase) and gold (7%). As for the market of bonds, it has entered the red zone, plunging by 4%.
Highlighting Bitcoin’s success, Saylor tweeted, “Bitcoin is winning.”
Bitcoin is Winning. pic.twitter.com/De3Q6Oajpb
On Friday, Saylor reacted to Bitcoin recapturing $66,000 by publishing a tweet saying “Bitcoin is Storm-Proof.” He also responded to a tweet by a renowned investor Raoul Pal after Pal stated that his core crypto bets include SOL and DOGE. Saylor stated that “Bitcoin misses” Pal, to which the investor replied that while he still believes in Bitcoin 1,000%, he looks for assets that can bring large profits quickly, even if high risks are involved.
Bitcoin reclaims $66,000
Over the past two days, the world’s leading cryptocurrency has staged a 5.32% increase, soaring from $62,850 to the $66,340 level. However, that was followed by a marginal decline, which pushed Bitcoin down to $65,816, where it is changing hands at the time of this writing.
Since Wednesday last week, Bitcoin has added more than 10%, soaring from $59,410 after the Fed Reserve announced a 50 basis point interest rate cut first time in the last four years. This was the initial driver of the Bitcoin price, followed by a similar announcement by the Central Bank of China and BlackRock purchasing a mammoth amount of Bitcoin this week. In the past four days, its spot Bitcoin ETF IBIT has seen consecutive inflows of $388.19 million in total.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- The Royal Mint reveals its top ten rarest 50 pence coins currently in circulation
- Sep 28, 2024 at 06:25 pm
- The 50 pence piece has become the most valued and collected coin in the UK, with many collectable designs appearing on its heptagonal canvas.
-
- BlackRock (IBIT) Bitcoin ETF (BTC) Leads the Spot Bitcoin ETF Market
- Sep 28, 2024 at 06:25 pm
- BlackRock (IBIT) Bitcoin ETF (BTC) is at the forefront of the spot BTC ETF market. It boasts cumulative net inflows reaching $21.42 billion as of September 27.
-
- Blum Crypto Offers Daily Opportunities for Telegram Users to Engage and Earn Rewards
- Sep 28, 2024 at 06:25 pm
- This guide provides all the details you need to participate effectively, from securing your crypto assets to exploring new features within the app.
-
- FTX's $16B Repayment To Crypto Traders Could Trigger Massive Buying Pressure
- Sep 28, 2024 at 06:25 pm
- The District of Delaware's Chapter 11 decision on October 7 is key for repayments. Reinvestment of FTX funds into Bitcoin and Altcoin may drive market growth.
-
- As the presale progresses, it is anticipated that Rollblock will surge over 800% in Q4. Here’s why analysts are bullish.
- Sep 28, 2024 at 06:25 pm
- Vast Entertainment Options Set Rollblock Apart In A $465B Competitive Industry
-
- Hamster Kombat (HMSTR) Game Launches Airdrop and Debuts on Major Crypto Exchanges
- Sep 28, 2024 at 06:25 pm
- Telegram game Hamster Kombat has finally launched its long-awaited airdrop and started its debut on major crypto exchanges on Thursday.
-
- Mega Dice Presale Surges In FOMO Frenzy – Next Rollbit Coin?
- Sep 28, 2024 at 06:25 pm
- As the presale draws to a close, investors are making last-minute efforts to secure their $DICE tokens.
-
- Hamster Kombat (HMSTR) Price Prediction: HMSTR Aims For A Rebound
- Sep 28, 2024 at 06:25 pm
- The Hamster Kombat price surged 4% in the last 24 hours to trade at $0.006735 as of 10:44 p.m. EST on trading volume that plunged 67% to $344 million.
-
- Cheems: A New Meme Token Based on the Shiba Inu Doge Meme Figure
- Sep 28, 2024 at 06:25 pm
- As time progresses and innovation advances inside of the world of cryptocurrencies there is a new contender that's beginning to gain popularity and attract investors and meme makers.