In August 2020, a software company named Microstrategy adopted the Bitcoin standard, making significant purchases of BTC. This decision resonated greatly within the cryptocurrency industry, and the company continues to buy Bitcoin. Each purchase generates excitement in the crypto world, and the company’s CEO has shared an important chart demonstrating the increase in the company’s value.
Microstrategy CEO Michael J. Saylor shared crucial data comparing the company’s value increase since August 2020 with Bitcoin and the S&P 500 index. Additionally, the chart shared by Saylor also includes the Nasdaq, gold, silver, and bonds. The release of this data highlights the correctness of his investment decision.
While Saylor announced a 385% increase in the company’s value, which seems to surpass Bitcoin’s increase of 274% during the same period, a rise in BTC’s price could change this scenario. However, the important point here is the poor performance of other investment instruments.
Considering that the S&P 500 index increased by 37% and the Nasdaq by 31%, the growth of Bitcoin and Microstrategy is much more significant. On the other hand, the situation is negative for gold, silver, and bonds. Since the specified date, gold has had a negative return of 1%, silver has fallen 16%, and bonds have been the most painful investment.
Saylor conveys two messages with these figures: the significant contribution of Bitcoin investment to the company’s growth and its profitability for those who are hesitant to invest in Bitcoin. Doesn’t this move by Microstrategy CEO Michael J. Saylor prove to be justified?
