Bitcoin continues its meteoric rise in 2024, boasting a 51% year-to-date gain that outstrips gold and real estate. Michael Saylor of MicroStrategy underscores Bitcoin's superior performance as it reclaims $66,000, overshadowing traditional markets.

The co-founder of the BTC-stacking MicroStrategy firm, Michael Saylor, is a Bitcoin permabull who recently tweeted about how Bitcoin's performance has outpaced that of top assets in traditional financial markets.

Bitcoin Surpasses Gold and Bonds

Digital gold has recovered the $66,000 price threshold, showing a 5% increase over the past several days, according to U.Today.

Saylor, an advocate for Bitcoin, created a graphic to show how Bitcoin outperforms other top assets year after year.

Michael Saylor Highlights Bitcoin's Winning Streak

As stated in Saylor's essay, Bitcoin has been outperforming traditional markets in terms of yearly gains since August 2020, the same month in which MicroStrategy bought its first Bitcoin.

Bitcoin has gained 51% year-to-date as of September. The S&P 500 (14%), real estate (10%), gold (7%), and the Magnificent 7 equities index (which includes behemoths like Amazon, Microsoft, Apple, Tesla, etc.) take second and third place, respectively, with 27% and 14% increases. With a 4% decline, the bond market has reached the red zone. "Bitcoin is winning," Saylor tweeted, highlighting Bitcoin's success.

Bitcoin Hits $66K Amid Market Dominance

Saylor tweeted, "Bitcoin is Storm-Proof," in response to Bitcoin's reacquisition of $66,000 on Friday.

In addition, he addressed a tweet from prominent investor Raoul Pal, who had previously said that SOL and DOGE are his primary cryptocurrency bets. While the investor maintains a 1,000% belief in Bitcoin, he seeks assets that might generate substantial gains rapidly, regardless of the level of risk required, in response to Saylor's assertion that "Bitcoin misses" Pal.