This happened as the leading global digital coin BTC suddenly jumped by 6%, leaving the $67,000 price level behind.
According to this diagram, digital gold (as Bitcoin is often referred to) has increased by an impressive 460%. Next to BTC comes the S&P 500 and Nasdaq indexes with 64% and 62% increases, correspondingly. Gold has added 21% and silver gained merely 8% over the past four years. While all these assets spearheaded by Bitcoin have been rising in value, bonds, as the diagram shows, has plunged into red, falling by 19%.
Commenting on this bullish Bitcoin leadership among the popular assets, Saylor tweeted: “If you’re not winning, you’re losing. #Bitcoin.” Thanks to regular Bitcoin accumulations over the recent years, MicroStrategy currently holds 226,331 BTC valued at $7.538 billion USD. The most recent purchase was made in June, when the company raised $700 million through offering its investors convertible senior notes specifically to buy more Bitcoin.
Earlier this year, a similar fundraising campaign was carried out by Saylor’s company in March when they raised $500 million for an additional Bitcoin purchase.
It outperformed Nvidia (NASDAQ:NVDA), whose shares soared in price by 1,050%. Meanwhile, Tesla (NASDAQ:TSLA) has increased by 167% since then. It has surpassed such electronics and IT giants as Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL), Microsoft (NASDAQ:MSFT) and Meta (NASDAQ:META). At press time, MSTR is trading at $1,768 USD.
By now, Bitcoin has rolled back a little and is changing hands at $66,660.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
