Saylor: Bitcoin Competing with Top S&P ETFs as New Bitcoin Funds See Billions in Inflows

Michael Saylor said Bitcoin is now competing with top S&P 500 ETFs like SPY and IVV rather than just gold. He believes Bitcoin could catch up despite a huge market cap difference.

New spot Bitcoin ETFs have seen massive inflows, gaining over $50 billion in assets in just 2 months. This shows strong and growing mainstream investor interest.

MicroStrategy and Saylor remain highly convicted on Bitcoin with over $13.5 billion invested. They recently took on more debt to buy additional Bitcoin.

As Bitcoin and Bitcoin ETFs continue performing well, it will be interesting to see if they can compete with the multi-trillion dollar S&P 500 ETFs.

Bitcoin ETFs have opened up Bitcoin investing to 99% of mainstream investors, which Saylor says is "profoundly important" for the network.