Michael Saylor: Bitcoin is the ‘Apex Commodity’ Outperforming Traditional Assets

Michael Saylor, co-founder of MicroStrategy, made bold statements about Bitcoin during the Latin American Bitcoin and Blockchain Conference. He predicted that Bitcoin will outperform other traditional assets such as cash, stocks and the S&P 500 index in the long term.

Saylor began by challenging the common inflation narrative, arguing that the United States dollar has lost 7% of its value annually over the past hundred years, a much higher rate than the 2% generally reported. He emphasized that this devaluation affected not only consumers’ purchasing power, but also producer prices and the value of assets such as gold and real estate, which lost 99.8% of their value over the century.

The executive identified Bitcoin as the “Apex Commodity”, surpassing traditional commodities such as oil, gold and silver. Saylor highlighted the unique nature of Bitcoin, with its limited supply and digital nature, making it more attractive for long-term investments compared to physical commodities.

Saylor argues that Bitcoin outperforms the dollar, stocks and traditional commodities

Additionally, Saylor called Bitcoin “Apex Technology,” stating that it outperforms tech giants like Apple, Google, and Microsoft. He touted Bitcoin’s fixed supply, lack of centralized management, and immutability as features that make it a superior investment to traditional technology stocks.

Saylor also predicted that Bitcoin will become the “Apex ETF” once a spot Bitcoin ETF is approved. He believes that Bitcoin will directly compete with traditional financial benchmarks such as the S&P 500 index and other monetary ETFs.

To support his claims, Saylor presented performance data since August 2020, when MicroStrategy began investing in Bitcoin. During this period, Bitcoin saw an impressive 199% growth, while the S&P 500 index only grew 30% and gold 4%.

MicroStrategy’s Recent Performance Data Supports Its Bullish View on Bitcoin

These statements from Saylor come after the news that MicroStrategy acquired $593.3 million worth of Bitcoin in November. This made it the biggest Bitcoin purchase in nearly three years. MicroStrategy now holds a Bitcoin portfolio valued at $6.9 billion, with a substantial profit of $1.6 billion.

Michael Saylor’s words echo long-term confidence in Bitcoin’s potential as a store of value and a solid investment. His predictions and MicroStrategy’s recent moves highlight the growing acceptance and adoption of Bitcoin on the global financial scene.

Disclaimer:

The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.