U.Today

Michael Saylor, CEO of MicroStrategy and a prominent Bitcoin advocate, disrupted the tranquility of the crypto space with a viral post titled “Hodl On.” In this post, Saylor shared an infographic detailing the price performance of various assets, including BTC, MSTR stock, and the S&P 500, since MicroStrategy embraced its Bitcoin strategy on August 20.

The infographic revealed that over a four-year period, MicroStrategy (NASDAQ:MSTR) stock emerged as the top performer, boasting a staggering 1,325% increase. Bitcoin followed as the second-best asset, providing a 451% return on investment.

Since summer 2020, Bitcoin reached a record high of $69,000, plummeted to $15,500 during the FTX collapse, and subsequently reached a new peak at $74,000. In contrast, the S&P 500 index’s performance over the same period was a modest 71% increase, which, while respectable, pales in comparison to the returns from MSTR and BTC.

No Worries for Michael Saylor

Saylor’s intent with this post wasn’t to brag; rather, it reinforces his bullish outlook on Bitcoin. Despite Bitcoin’s recent performance fluctuations—rising above $65,000 only to dip back to $63,500—Saylor remains unconcerned. Traders are now speculating whether Bitcoin may test lower price levels of $62,300 and $58,000.

Whether this scenario unfolds remains uncertain, but Saylor’s post indicates that for him, short-term fluctuations are inconsequential.

This article was originally published on U.Today.