Bitcoin remains strongest asset for institutions

bitcoin

In almost every year since 2011, Bitcoin has surpassed other traditional investment assets

A recent data provided by Michael Saylor, a renowned Bitcoin advocate and the Chief Executive Officer of MicroStrategy, further highlights the dominance of Bitcoin over traditional assets.

A look at the asset class’ total returns between 2011 and 2023 demonstrates Bitcoin’s extraordinary performance. In almost every year since 2011, Bitcoin has surpassed other traditional investment assets. While there have been moments of volatility and declines in the crypto market, Bitcoin has showed resilience and an upward trajectory that no other asset class can parallel.

The token’s cumulative return between 2011 and 2023 is staggering – 1,120,785%, with an annualised return of 147.5%. These numbers are massive, particularly when compared to other asset classes such as the U.S. Nasdaq 100 or U.S. Large Caps, which, though strong performers, lag considerably behind in terms of return rate.

Another insightful dimension is MicroStrategy’s Bitcoin portfolio. From the data provided, it is evident that MicroStrategy, under Saylor’s leadership, has been bullish on Bitcoin. The company’s current holdings sit at an impressive 158,245 Bitcoins, valued at nearly $5.43 billion. Their portfolio suggests strategic purchases, capitalising on Bitcoin’s dips, and subsequently leveraging its surges. Such a sizable investment from a leading institution serves as testament to the growing belief in long-term potential and role of Bitcoin as a store of value.

The data also shows MicroStrategy’s approach to Bitcoin as one of consistent accumulation. It shows a pattern of buying the dips, signifying a long-term bullish stance on the token. This conviction in Bitcoin is further reflected in the firm’s total dollar cost average and the present market price of Bitcoin, suggesting healthy returns on their investments.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of Scommerce. The information provided on Scommerce is intended for informational purposes only. Scommerce is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

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