close
close

Bitcoin Bull Michael Saylor Scores 1,325% in Viral “Hodl On” Post

Cover photo via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not reflect the views of U.Today. The financial and market information provided on U.Today is for informational purposes only. U.Today is not liable for any financial losses incurred when trading cryptocurrencies. Do your own research by contacting financial experts before making any investment decisions. All content is believed to be accurate at the time of publication, but some offers mentioned may no longer be available.

Michael Saylor, CEO of software maker MicroStrategy and well-known Bitcoin bull, shattered the calm in the crypto space on Monday with a new viral post. Titled “Hodl On,” the MicroStrategy boss released an infographic showing the price trends of various assets such as BTC, MSTR stocks, and the S&P 500 since the software provider launched its Bitcoin strategy on August 20.

As you can see, the best-performing asset over four years was Microstrategy stock, which is up 1,325% according to Saylor's chart. The second best performing asset was the cryptocurrency itself, which guaranteed its holders a 451% return on their investment.

Related

Binance whales push Bitcoin lower: details

Since the summer of 2020, the price of Bitcoin managed to reach a new all-time high of $69,000, fell to $15,500 in the wake of the FTX collapse, and reached a new high again of $74,000.

Meanwhile, the performance of the most important US stock index, the S&P 500, rose “only” by 71%. Few people would argue that this isn't much over a four-year period, but it still doesn't seem like much compared to MSTR and BTC.

Don't worry for Michael Saylor

Saylor's post is not intended to brag, but rather to confirm his bullish stance on the major cryptocurrency. Over the last four days, the price of Bitcoin has risen back above $65,000, but the weekend pump ended with a decline back to $63,500.

Related

Saylor replaces water with Bitcoin

Such action, even if the percentage changes are not that dramatic, worried traders, who are now considering the possibility for BTC to test key levels lower at $62,300 and even lower at $58,000.

Whether this will be the scenario for Bitcoin in the near future is an open question, but as the new post suggests, small time frames don't matter to Michael Saylor.

You may also like...