Michael Saylor Fires Up the Crypto Community With His Latest Tweet

MicroStrategy's Michael Saylor stirred excitement in the cryptocurrency community with a recent post titled "Hodl On."

In this viral infographic, Saylor showcased the price trends of various assets, including Bitcoin (BTC), MicroStrategy’s stock (MSTR), and the S&P 500, following the company’s decision to adopt a Bitcoin-centric strategy on August 20.

The data revealed that MicroStrategy’s stock emerged as the standout performer over the past four years, soaring by an impressive 1,325%. Bitcoin secured the second spot, delivering a remarkable 451% return to its investors. Since summer 2020, Bitcoin reached a peak of $69,000, plummeted to $15,500 during the FTX collapse, and subsequently climbed back to a record high of $74,000.

In contrast, the S&P 500 index showed a modest gain of 71% during the same period. While this increase is notable, it pales in comparison to the extraordinary returns from MicroStrategy and Bitcoin.

Saylor’s post isn’t merely a display of pride but rather an affirmation of his unwavering belief in Bitcoin’s potential. Recently, Bitcoin’s price briefly rose above $65,000, but a subsequent dip brought it down to $63,500. Although the fluctuations are not drastic, they have sparked concerns among traders, raising fears that Bitcoin might test critical support levels around $62,300 or even $58,000.

Whether this scenario unfolds remains uncertain, but Saylor’s perspective indicates that he focuses on the long-term potential of Bitcoin rather than short-term market movements.