MicroStrategy founder Michael Saylor showed that no mainstream financial asset can compare to Bitcoin. Saylor emphasized in a post that BTC stands out compared to other traditional investment options. Meanwhile, asset management firm VanEck has updated its spot Bitcoin ETF application.
Michael Saylor: Bitcoin outperformed traditional assets!
Bitcoin’s extraordinary performance is revealed when the cumulative returns it provides are examined. A recent asset class total return chart shared by Saylor shows Bitcoin returning a staggering 1,120,785% from 2011 to 2023. This corresponds to a return of 147.5% on an annual basis. So this is nothing but a staggering number. These numbers are astonishing when compared to traditional asset classes such as the US Nasdaq 100 or US Large Caps. While both are solid performers on their own, they lag significantly behind BTC’s rate of return. According to data, the US Nasdaq 100 is up 613% since 2011, while the US Large Caps is up 315%.
One of the most interesting aspects of this data is the resilience that BTC has exhibited over the years. Despite its well-documented volatility and occasional market declines, Bitcoin has consistently maintained an upward trajectory. This resilience points to the cryptocurrency’s ability to weather market turmoil and continue to gain value over the long term.
MicroStrategy’s BTC treasury reserves
A key component of this discussion is MicroStrategy’s Bitcoin portfolio, which provides a real-world example of Bitcoin’s appeal as an asset. MicroStrategy has made bold and strategic moves in the crypto space under the leadership of Michael Saylor. The company’s current holdings of 158,245 BTC, worth approximately $5.43 billion, are quite impressive.
cryptokoin.comAs you follow from , Saylor’s journey into the crypto space began in August 2020 when he decided to convert his company’s treasury assets into Bitcoin. Saylor sees Bitcoin not as a speculative asset but as a long-term store of value. He also believes in its potential to outperform traditional assets such as gold and bonds. That’s why he filled his company’s treasury assets with BTC, supporting his views. MicroStrategy’s approach to Bitcoin investing is particularly noteworthy. Data from Saylor tracker clearly shows a strategic Bitcoin accumulation. The green buying signals on the chart indicate a consistent pattern of buying dips in the market.
VanEck updates Bitcoin ETF application
VanEck has been a leading player in the asset management industry for decades. The company has a history of offering investment products to a wide range of clients, from individual investors to large institutions. As interest in cryptocurrencies grew, VanEck realized there was a need for a regulated and secure way to offer Bitcoin to investors. He applied for a Bitcoin ETF to the SEC as the solution he was seeking for this.
However, these initial attempts ran into regulatory hurdles and were eventually withdrawn. VanEck still did not give up on his goal. The firm has been working diligently to address concerns raised by the SEC, including those related to market manipulation, and the updated filing reflects this. The company’s updated filing reflects its commitment to providing a Bitcoin ETF that complies with the strict regulatory standards of traditional financial markets.
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