In the X post, he highlighted the whitepaper and urged his followers to peruse it. Saylor’s comments further demonstrate his commitment to the Bitcoin (BTC) ecosystem. A strong Bitcoin proponent, Saylor began investing in the coin in 2020 through his firm, MicroStrategy.
As U.Today earlier reported, MicroStrategy now holds 1.17% of all Bitcoin. It has steadily increased its Bitcoin holdings, which are larger than most Exchange-Traded Funds (ETFs) on the market.
Additionally, it shows that Bitcoin surpassed all major asset classes in seven of the last ten years, generating an annualized return of almost 100%. According to BlackRock, this performance was achieved despite Bitcoin being the worst performer in three of those years. Notably, Bitcoin experienced four drawdowns exceeding 50%.
The whitepaper further highlights that geopolitical, fiscal and monetary stability concerns will likely influence Bitcoin’s adoption trajectory. Still, the whitepaper concluded that Bitcoin remains a high-risk asset subject to volatility and regulatory challenges.
As of this writing, BTC is trading at $63,444, demonstrating a 1.08% surge in the past day. However, the trading volume shows reduced investor sentiment, with a 24-hour decline of 12.15%.
This article was originally published on U.Today
Source: Cryptocurrency - investing.com
