Michael Saylor Proclaims Bitcoin as the Ultimate Standard Amid BTC Surge to $65,000

Michael Saylor, co-founder and chairman of MicroStrategy, has made a bold declaration that has resonated with the crypto community as Bitcoin briefly reached the $65,000 mark.

Bitcoin hit $65,050 during Sunday’s trading session, marking its highest point in nearly three weeks, driven by renewed demand for U.S. exchange-traded funds amid growing concerns that the Federal Reserve might ease its monetary policies.

This rise represents a 10% increase over the past week, the largest since mid-July. Saylor remarked, "Four years on the Bitcoin Standard, and you would have outperformed every company in the S&P 500."

His statement was accompanied by a compelling image showcasing MicroStrategy's stock performance against other S&P 500 companies since the firm adopted its Bitcoin strategy in August 2020, illustrating its notable outperformance over major firms like Nvidia and Marathon Oil.

$252 Million Net Inflow as Bitcoin Rises

Fed Chair Jerome Powell hinted that the central bank is on the verge of lowering benchmark interest rates from a two-decade high, suggesting a more favorable liquidity environment for global markets. Following Powell’s remarks, Bitcoin prices surged, reaching $65,050 on Sunday.

As of now, Bitcoin has slightly retreated to $63,930, down 0.06% in the last 24 hours. Powell's statement triggered a $252 million net inflow into a dozen U.S. spot Bitcoin ETFs, the largest in over a month, with these funds seeing inflows for seven consecutive days.