Michael Saylor: Bitcoin Will Outperform the S&P 500 for the Foreseeable Future
BlockBeats News, August 10—According to a report by Cointelegraph, Michael Saylor, Executive Chairman of Strategy, stated, "I believe the entire crypto economy is experiencing an explosion of innovation, and from a marginal effect perspective, this is a positive development for everyone in the digital asset space. I still think the vast majority of capital flowing into this sector is going into Bitcoin."
Saylor also pointed out that over the past six months, the number of companies holding Bitcoin has increased from about 60 to 160. "So I remain laser-focused on Bitcoin."
Saylor predicted that Bitcoin will outperform the S&P 500 index for the "foreseeable future." He added, "I believe Bitcoin is digital capital."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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