As Bitcoin broke a new record today, MicroStrategy (Strategy) founder Michael Saylor made new statements. Speaking to Fox Business, Michael Saylor said that Wall Street is underestimating Bitcoin and the cryptocurrency ecosystem. Referring to the long-term profitability of Bitcoin, Saylor pointed out that BTC provides an average annual return of over 50 percent, far exceeding traditional investment instruments. “Bitcoin is an asset to hold for the long term and has averaged over 50% annualized returns over the long term to date.” Saylor also argues that a Bitcoin strategy will always be profitable. To this point, Saylor claimed that companies that invest a portion of their cash reserves in Bitcoin and adopt the “Bitcoin standard” could outperform the S&P 500 by up to 40% annually. In contrast, Saylor said that the returns of companies relying on traditional assets like Treasury bonds are declining daily and could decline by about 10% each year. Big bull Saylor added that he believes this approach will increasingly become the new norm in institutional capital management as more companies adopt the “Bitcoin standard.” Stating that Wall Street will be late in understanding Bitcoin, Saylor concluded his words as follows. “It will take a long time for Wall Street to fully grasp the potential of digital capital and the Bitcoin ecosystem. Even if they are late, Bitcoin is unstoppable.” *This is not investment advice. Continue Reading: Major Bull Michael Saylor Warns Wall Street About Bitcoin (BTC)
