CandleFocus 'Bitcoin Winning,' Michael Saylor Tweets As BTC Leaves Gold and Bonds in Dust
2024-09-28
Author: Content Editor
Michael Saylor, a Bitcoin advocate and co-founder of MicroStrategy, has highlighted Bitcoin's strong performance compared to traditional assets in conventional financial markets. Saylor shared a diagram showing that Bitcoin has demonstrated higher annual gains than stocks, real estate, gold, and bonds since August 2020. As of September 2021, Bitcoin has shown annual gains of 51%. Saylor tweeted that "Bitcoin is winning," and also noted that Bitcoin's recent rally to $66,000 proves that it is "storm-proof." The cryptocurrency has experienced a 5.32% increase over the past two days but saw a slight decline. The recent rally was driven by an interest rate cut announcement from the US Federal Reserve, similar announcements from the Central Bank of China, and BlackRock's significant Bitcoin purchase.
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