Will Bitcoin BTC USD beat S&P 500: Why Michael Saylor predicts Bitcoin will outperform S&P 500 over the next few years – reveals Strategy plans to buy BTC USD every quarter
BTC USD Outlook: Michael Saylor Predicts Bitcoin Will Outperform S&P
In an interview on CNBC’s Squawk Box, Saylor told co-host Andrew Ross Sorkin that he expects Bitcoin to “double or triple the performance of the S&P” in the next four to eight years, The Block reported.
Understanding Bitcoin’s Volatility: Michael Saylor’s Long-Term Perspective
While recent volatility has pushed Bitcoin down from record highs above $126,000 last October, Saylor frames these fluctuations as part of the asset’s long-term appeal.
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Why Doesn’t Strategy Sell Bitcoin Amid Market Fluctuations?
The strategy itself has continued to expand its Bitcoin holdings. On Monday, the company purchased 1,142 BTC for approximately $90 million, bringing its total treasury to 714,644 BTC, more than 3.4% of Bitcoin’s total fixed supply. Despite the recent decline in value, the firm remains committed to long-term savings.
“We’ve got 50 years of dividends and Bitcoin, two and a half years of dividends on our balance sheet just in cash… We’re not going to be selling, we’re going to be buying Bitcoin. I think we’re going to be buying Bitcoin every three months forever,” Saylor said, as quoted by CoinDesk.
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Strategy CEO Phong Le Explains BTC USD’s Risk Tolerance
CEO Phong Le also recently added context on the company’s risk tolerance, explaining that the Strategy’s balance sheet would only face serious strain in an extreme scenario where Bitcoin falls roughly 90% to around $8,000 and remains at that level for five to six years.
FAQ
Why does Michael Saylor still think Bitcoin is on the rise despite recent declines?
He believes Bitcoin’s long-term potential will outweigh short-term fluctuations and expects it to outperform the S&P in the coming years.
How much bitcoin does the strategy currently hold?
The strategy holds 714,644 BTC, which is more than 3.4% of Bitcoin’s fixed supply.
