“Bitcoin Triumphs,” Michael Saylor Tweets as BTC Surpasses Gold and Bonds

Michael Saylor, a long-time Bitcoin advocate and co-founder of MicroStrategy, recently tweeted to showcase Bitcoin’s impressive performance, which has significantly outpaced many traditional financial assets.

In recent days, Bitcoin has surged over 5%, regaining the $66,000 price point.

### Bitcoin Outperforms Gold and Bonds

Saylor shared a chart illustrating Bitcoin’s superior annual performance compared to other major assets. Since MicroStrategy’s first Bitcoin purchase in August 2020, Bitcoin has consistently delivered much higher annual returns than traditional markets.

As of September, Bitcoin posted an annual gain of 51%. The second-best performer is the Magnificent 7 stocks index, which includes major companies like Amazon, Microsoft, Apple, and Tesla, with a gain of 27%. This is followed by the S&P 500 at 14%, real estate at 10%, and gold at 7%. In contrast, the bond market has experienced a drop of 4%.

Emphasizing Bitcoin’s success, Saylor tweeted, “Bitcoin is winning.”

On Friday, as Bitcoin recaptured the $66,000 milestone, Saylor commented, “Bitcoin is Storm-Proof.” He also responded to investor Raoul Pal, who mentioned his core crypto investments include SOL and DOGE. Saylor remarked that “Bitcoin misses” Pal, to which Pal responded that while he is a strong believer in Bitcoin, he seeks assets that can deliver quick, high returns, even if they carry higher risks.

### Bitcoin Reclaims $66,000

Over the past two days, Bitcoin has risen 5.32%, climbing from around $62,850 to $66,340. However, a small decline has since brought it down to approximately $65,816 at the time of writing.

Since Wednesday of last week, Bitcoin has increased over 10%, bouncing back from $59,410 after the Federal Reserve announced its first interest rate cut of 50 basis points in four years. This news catalyzed the surge in Bitcoin’s price, which was further supported by a similar announcement from the Central Bank of China and substantial Bitcoin purchases by BlackRock. Additionally, the spot Bitcoin ETF IBIT has seen significant inflows totaling $388.19 million over the past four days.