Over the past few days, digital gold has demonstrated an increase of more than 5%, reclaiming the $66,000 price mark.
As of September this year, BTC shows annual gains of 51%. The second largest after it comes the Magnificent 7 stocks index (which includes such monsters as Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL) and Tesla (NASDAQ:TSLA)) with 27%, followed by S&P 500 (14% rise), real estate (10% increase) and gold (7%). As for the market of bonds, it has entered the red zone, plunging by 4%.
Highlighting Bitcoin’s success, Saylor tweeted, “Bitcoin is winning.”
On Friday, Saylor reacted to Bitcoin recapturing $66,000 by publishing a tweet saying “Bitcoin is Storm-Proof.” He also responded to a tweet by a renowned investor Raoul Pal after Pal stated that his core crypto bets include SOL and DOGE. Saylor stated that “Bitcoin misses” Pal, to which the investor replied that while he still believes in Bitcoin 1,000%, he looks for assets that can bring large profits quickly, even if high risks are involved.
Since Wednesday last week, Bitcoin has added more than 10%, soaring from $59,410 after the Fed Reserve announced a 50 basis point interest rate cut first time in the last four years. This was the initial driver of the Bitcoin price, followed by a similar announcement by the Central Bank of China and BlackRock (NYSE:BLK) purchasing a mammoth amount of Bitcoin this week. In the past four days, its spot Bitcoin ETF IBIT has seen consecutive inflows of $388.19 million in total.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
