In the midst of the crypto community’s acute price fluctuations in Bitcoin, prominent Bitcoin supporter Michael Saylor decided to remind everyone that Bitcoin is still an important asset that cannot be ignored.
“Bitcoin is money you can’t afford to lose,” he said.
It seems that Saylor chose to pen these motivational remarks following a brief decline in the price of Bitcoin to around $56,000. Bitcoin has hit a two-month low at its present price of $57,600.
More than 140 thousand crypto traders lost over 400 million dollars after betting on Bitcoin’s upward trajectory, as cryptocurrency prices fell sharply in recent days. The chairman of MicroStrategy and BTC hodler doesn’t see any cause for concern, if there is any.
Accompanying Saylor’s tweet was a brief video that compared Bitcoin’s performance over the last eight years to that of more conventional investments, such as the S&P 500, gold, US real estate, the US dollar, the Turkish lira, the Argentine peso, and the Nigerian naira.
Unlike other investments, Bitcoin has maintained gains of over 100% year-on-year since 2016, according to Saylor.
As an example, in 2019, the value of both gold and US real estate increased by about 20%. Simultaneously, currencies like the Argentine peso and the Turkish lira collapsed, falling to 0.001%.