U.Today – Michael Saylor, the CEO of the renowned software giant MicroStrategy and a prominent Bitcoin advocate, disrupted the tranquility of the crypto market on Monday with a new trending post. Titled “Hodl On,” the infographic shared by Saylor illustrates the price movements of various assets, including BTC, MSTR stock, and the S&P 500, since MicroStrategy embraced its Bitcoin strategy on August 20.
The infographic reveals that the top performer over the past four years was MicroStrategy (NASDAQ: MSTR) stock, which, according to Saylor’s chart, has surged by an impressive 1,325%. Following closely was Bitcoin itself, which provided its holders with a substantial 451% return on their investment.
Since the summer of 2020, Bitcoin’s price has skyrocketed to a new all-time high of $69,000, dipped down to $15,500 during the FTX collapse, and subsequently soared again to a peak of $74,000.
In comparison, the S&P 500, a major index tracking U.S. stocks, saw a more modest gain of 71%. While some may argue that this is underwhelming over a four-year period, it pales in comparison to the performance of MSTR and BTC.
No concerns for Michael Saylor
Saylor’s post is not merely a display of boasting but an affirmation of his bullish outlook on Bitcoin. Over the past four days, Bitcoin’s price briefly rose above $65,000, but after a weekend surge, it retraced to around $63,500.
This movement, although not significantly dramatic in percentage terms, has raised concerns among traders, who are now speculating on the potential for Bitcoin to test critical lower levels at $62,300 and possibly even $58,000.
Whether this scenario unfolds in the near term remains uncertain, but based on Saylor’s recent post, it is clear that he does not focus on short-term fluctuations.