As you can see, the best performing asset over a four-year period was Microstrategy (NASDAQ:MSTR) stock, which Saylor’s chart shows has risen 1,325%. The second best asset was the cryptocurrency itself, which guaranteed its holders a 451% return on their investment.
Since the summer of 2020, the price of Bitcoin managed to make it to a new all-time high at $69,000, fell to $15,500 amid the collapse of FTX and made it back to a new high at $74,000.
Meanwhile, the performance of the major U.S. stock market index, the S&P 500, was “only” up 71%. Few people will argue that this is not a lot over the span of four years, but compared to MSTR and BTC, it still does not seem like much.
Such an action, although not that dramatic in percentage changes, worried traders, who now raise the possibility for BTC to test key levels lower at $62,300 and even lower at $58,000.
If this will be the scenario for Bitcoin in the near future is an open question, but as can be judged from the new post, for Michael Saylor, small time frames do not matter.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
