U.Today

Michael Saylor, Bitcoin permabull and co-founder of MicroStrategy, tweeted about Bitcoin’s high performance, which has significantly outperformed major assets in traditional financial markets.

Bitcoin’s Recent Performance

In the last few days, Bitcoin, often called digital gold, has surged over 5%, reclaiming the $66,000 milestone.

Bitcoin Smashes Gold and Bonds by Gains

Saylor showcased a diagram to highlight Bitcoin’s superior annual performance compared to other top assets. Since MicroStrategy’s initial Bitcoin purchase in August 2020, Bitcoin has consistently outperformed traditional markets.

As of September this year, Bitcoin boasts annual gains of 51%. Following it is the Magnificent 7 stocks index (including Amazon, Microsoft, Apple, and Tesla) with 27%, then the S&P 500 (14% rise), real estate (10% increase), and lastly, gold (7%). The bond market has declined by 4%.

Saylor emphasized Bitcoin’s success in a tweet stating, “Bitcoin is winning.”

On Friday, Saylor reacted to Bitcoin’s recovery to $66,000, commenting that “Bitcoin is Storm-Proof.” He responded to Raoul Pal, who mentioned his core crypto bets including SOL and DOGE, stating that “Bitcoin misses” Pal.

Bitcoin Reclaims $66,000

In the past two days, Bitcoin recorded a 5.32% increase, rising from $62,850 to $66,340. A slight decline followed, with Bitcoin currently trading around $65,816.

Since Wednesday last week, Bitcoin has surged over 10% from $59,410 after the Fed announced a 50 basis point interest rate cut, the first reduction in four years. This announcement drove Bitcoin’s price higher, alongside a similar move by the Central Bank of China and substantial purchases by BlackRock. Over four days, the spot Bitcoin ETF IBIT has experienced inflows totaling $388.19 million.

This article was originally published on U.Today.