Michael Saylor "BTC +333% since August 10, 2020, Gold -1%"
![Michael Saylor "BTC +333% since August 10, 2020, Gold -1%"](/content/images/size/w1200/2024/02/micheal-saylor-laser.jpg)
Michael Saylor, co-founder of Microstrategy (MSTR), published a post on X about the rise of bitcoin compared to gold. According to Saylor, since August 10, 2020, gold is down 1% while bitcoin is up 333%. Meanwhile, Jim Bianco of Bianco Research, a U.S. investment advisory firm, said, "Approving a bitcoin spot ETF is a big mistake," adding, "While it is possible for bitcoin to go to $60,000 as Michael Saylor predicts, it is unlikely that it will go to $1 million as a result of the approval of a bitcoin spot ETF."