Bitcoin vs the S&P 500 — which investment really wins? Michael Saylor’s answer in Prague brought the whole question back to me: it’s not about which one wins. It’s about what you believe and whether your portfolio matches that belief. His test is brutally simple — if you don’t think Bitcoin outperforms the S&P over time, you shouldn’t own it at all. And if you do, a drop is not a reason to sell. It’s a discount. "If you didn’t think it was as good as the S&P index, you wouldn’t buy it at all." No price target, no sell pressure — just be honest about your own conviction before taking any position. That’s his argument, not mine, but discipline goes far beyond Bitcoin: decide what you truly believe in and then let that define the position — not the last three months of price. Bitcoin above the S&P for the next ten years — yes or no?
Bitcoin vs the S&P 500 — which investment actually wins? Michael Saylor's answer in Prague reframed the whole question for me: it's not about which wins. It's about what you believe, and whether your portfolio matches that belief. His test is brutally simple — if you don't think Bitcoin outperforms the S&P over time, you shouldn't own it at all. And if you do, a drawdown isn't a reason to sell. It's the discount. "If you didn't think it was as good as the S&P index, you wouldn't buy it at all." No price target, no hard sell — just get honest about your own conviction before you size anything. That's his call, not mine, but the discipline travels well beyond Bitcoin: decide what you actually believe, then let that set the position — not the last three months of price. Bitcoin over the S&P for the next ten years — yes or no?
Content produced with automation assistance and editorial curation.