Bitcoin Proponent Michael Saylor Weighs in as BTC Surges to $67,300

Michael Saylor, a famend Bitcoin proponent and co-founder of MicroStrategy, has taken to his X deal with to share a Bitcoin bullish assertion

Famend Bitcoin proponent and co-founder of MicroStrategy Michael Saylor has shared a bullish Bitcoin statement with the global cryptocurrency community from his X handle.

This occurred as the leading global digital coin BTC suddenly jumped by 6%, leaving the $67,000 price level behind.

Bitcoin surges to $67,300, Saylor weighs in

Michael Saylor unveiled a diagram of Bitcoin price growth dynamics in comparison to other assets in the financial markets over the last four years — since August 20, when Saylor's firm MicroStrategy began its regular Bitcoin accumulation.

According to this diagram, digital gold (as Bitcoin is often referred to) has increased by an impressive 460%. Next to BTC come the S&P 500 and Nasdaq indexes with 64% and 62% increases, correspondingly. Gold has added 21% and silver gained a mere 8% over the last four years. While all these assets spearheaded by Bitcoin were rising in price, bonds, as the diagram shows, have plunged into the red, falling by 19%.

Commenting on this bullish Bitcoin leadership among the mainstream assets, Saylor tweeted: “If you're not making a profit, you are losing. #Bitcoin.”

Due to regular Bitcoin accumulations over the recent years, MicroStrategy currently holds 226,331 BTC valued at $7.538 billion USD. The latest purchase was made in June, when the company raised $700 million through offering its investors convertible senior notes specifically to buy more Bitcoin.

Earlier this year, a similar fundraising campaign was carried out by Saylor's firm in March when they raised $500 million for a further Bitcoin buy.

RelatedMicroStrategy outperforms competitors

According to Saylor's earlier tweet, over the same time frame as he mentioned above, the share price of MicroStrategy has skyrocketed by 1,203%.

It outperformed Nvidia, whose shares soared in price by 1,050%. Meanwhile, Tesla has increased by 167% since then. It has surpassed such electronics and IT giants as Apple, Google, Microsoft and Meta. At press time, MSTR is trading at $1,768 USD.

Bitcoin reclaims $67,000

Over the past 24 hours, Bitcoin has jumped by roughly 6%, reaching the $67,300 zone in light of the news about the global outage faced by Microsoft IT systems worldwide after issues experienced by cybersecurity service provider CrowdStrike.

By now, Bitcoin has rolled back a bit and is changing hands at $66,660.