Bitcoin Surges to $67,300, Michael Saylor Responds

Michael Saylor, the co-founder and a prominent advocate of MicroStrategy, recently expressed a bullish outlook on Bitcoin through his social media platform. His comments came as the leading cryptocurrency experienced a surge, jumping 6% and surpassing the $67,000 mark.

### Bitcoin Rises to $67,300: Saylor’s Insights

Saylor shared a chart illustrating Bitcoin’s price growth compared to other financial assets over the past four years, beginning from August 20, the date when MicroStrategy commenced its regular accumulation of Bitcoin. The chart reveals that Bitcoin has appreciated by an impressive 460%, often referred to as digital gold. In comparison, the S&P 500 and Nasdaq indexes saw increases of 64% and 62%, respectively. Gold’s value rose by 21%, while silver saw a modest gain of 8%. Contrastingly, bonds have declined by 19% during the same period.

In light of Bitcoin’s dominance among popular assets, Saylor tweeted, “If you’re not winning, you’re losing. #Bitcoin.” Through ongoing Bitcoin acquisitions, MicroStrategy currently holds 226,331 BTC, valued at approximately $7.538 billion. The latest purchase occurred in June when the company raised $700 million by offering convertible senior notes specifically aimed at acquiring more Bitcoin.

Earlier this year, MicroStrategy engaged in a similar fundraising effort in March, securing $500 million for additional Bitcoin purchases.

### MicroStrategy’s Impressive Performance

In a previous tweet, Saylor highlighted that over the same timeframe, MicroStrategy’s stock price surged by an astonishing 1,203%. This performance eclipsed that of Nvidia, which saw its shares rise by 1,050%. In contrast, Tesla’s stock increased by 167%. MicroStrategy’s growth has outperformed notable tech giants like Apple, Google, Microsoft, and Meta. As of now, MicroStrategy’s shares are trading at $1,768.

### Bitcoin Reclaims the $67,000 Mark

In the past 24 hours, Bitcoin rose roughly 6%, reaching around $67,300 following news about a global outage affecting Microsoft IT systems, reportedly linked to issues with security service provider CrowdStrike. As of the latest updates, Bitcoin has slightly retreated, trading at approximately $66,660.