In the ever-evolving landscape of digital assets, Bitcoin (BTC) continues to assert its dominance as the top choice for institutional investors, as demonstrated by MicroStrategy’s fearless leader, Michael Saylor.
Bitcoin has consistently outperformed traditional assets, according to data shared by Michael Saylor, the CEO of MicroStrategy and a well-known Bitcoin advocate. The data sheet, covering the period from 2011 to 2023, clearly demonstrates Bitcoin’s exceptional performance. Despite occasional volatility, Bitcoin has shown resilience and a consistent upward trajectory that other asset classes cannot match.
The cumulative return of Bitcoin from 2011 to 2023 is an astounding 1,120,785%, with an annualized return of 147.5%. This is in stark contrast to other assets like the U.S. Nasdaq 100 or U.S. Large Caps, which have significantly lower return rates. The numbers speak for themselves, highlighting Bitcoin’s dominance and potential as a store of value.
MicroStrategy’s Bitcoin portfolio further reinforces this narrative. The company, under Saylor’s guidance, has been bullish on Bitcoin and currently holds an impressive 158,245 BTC, valued at approximately $5.43 billion. Their strategic purchases and timely leveraging of Bitcoin’s price movements indicate a strong belief in its long-term potential.
The data also reveals MicroStrategy’s consistent accumulation strategy, as they regularly buy the dips in Bitcoin’s price. This approach, represented by green purchase markers on the graph, signifies a bullish stance on the cryptocurrency. It also reflects the company’s healthy returns on their investments, considering their total dollar cost average and the current market price of Bitcoin.
The increasing faith in Bitcoin’s performance and its role as a reliable asset is evident through MicroStrategy’s sizable investment. This trend aligns with the growing acceptance and adoption of cryptocurrencies, as more institutions recognize their value and potential in the financial landscape.
About the author:
Arman Shirinyan is a trader, crypto enthusiast, and SMM expert with over four years of experience. He strongly believes in the future utility of cryptocurrencies and blockchain technology. Arman’s focus is on providing news, articles with in-depth analysis of crypto projects, and technical analysis of cryptocurrency trading pairs.