Bitcoin vs. Traditional Assets: Chart Shows Crypto King Despite Recent Bloodbath
- Michael Saylor reaffirms Bitcoin’s superiority over traditional investments amid the market downturn.
- A 13-year performance chart shows Bitcoin’s staggering 18,881,969% cumulative growth compared to other assets.
- Bitcoin trades at $57K, down 6.4% in a week and 19% in the past 30 days.
In a recent post on X, Michael Saylor, the founder and chairman of MicroStrategy, reiterated his bullish stance on Bitcoin, 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.
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.
#Bitcoin is engineered to keep winning. pic.twitter.com/6wevPntnc6
— Michael Saylor(@saylor) July 6, 2024
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…
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