Bitcoin Bull Michael Saylor Showcases 1,325% Gain in Viral ‘Hodl On’ Post

Michael Saylor, the CEO of software giant MicroStrategy and a well-known advocate for cryptocurrency, stirred up the crypto community with a recent post titled “Hodl On.” In this infographic, Saylor highlighted the price performance of various assets, including Bitcoin, MicroStrategy stock, and the S&P 500, since the company adopted its Bitcoin strategy on August 20.

According to the infographic, MicroStrategy stock emerged as the best performer over the past four years, boasting a staggering increase of 1,325%. Bitcoin followed as the second-best asset, delivering a 451% return to its holders.

Since the summer of 2020, Bitcoin has experienced a tumultuous journey, peaking at an all-time high of $69,000, dropping to $15,500 during the FTX collapse, and later surging again to reach a new high of $74,000.

In contrast, the S&P 500, a key U.S. stock market index, recorded a more modest 71% gain over the same period. While this is a significant increase, it pales in comparison to the performance of MicroStrategy and Bitcoin.

Saylor’s intention behind the post was not to boast but to reaffirm his bullish outlook on Bitcoin. Over the past four days, Bitcoin’s price climbed back above $65,000, although it eventually retreated to around $63,500. This price fluctuation, while not drastic, has raised concerns among traders, who speculate that Bitcoin may test critical support levels at $62,300 and potentially lower at $58,000.

Whether this scenario will unfold remains uncertain, but Saylor’s recent post suggests that he remains unfazed by short-term price movements.