Bitcoin Slips as Michael Saylor Predicts BTC Will Outperform S&P 500 Forever

Bitcoin price has slumped 1.28% in the last 24 hours to trade at $115,427 on a 17% plunge in the daily trading volume to $35 billion.

The drop in BTC price comes as Michael Saylor, co-founder of Strategy, doubled down on his bold claim that Bitcoin will outperform the S&P 500 “forever.” He predicts the index could lose nearly 29% per year against Bitcoin over the next two decades. Calling BTC “digital capital,” Saylor argued it’s a stronger form of collateral than stocks or fiat money, thanks to its fixed supply and predictable growth.

He said Bitcoin’s past performance already shows this advantage, and more firms are now using it as a treasury asset. On Strategy’s side, Saylor explained the company is now eligible for S&P 500 inclusion after new accounting rules and steady profits, expecting a listing once it proves stability. Strategy currently holds more than 638,500 BTC, worth tens of billions, reinforcing Saylor’s belief that Bitcoin is the ultimate store of value.

Bitcoin Could Move Toward $150K After Strong Support

Bitcoin (BTC) may be preparing for a big breakout as chart patterns show strong support and a possible push toward $150,000.

The chart highlights a rounded bottom pattern that started earlier this year near $60,000. This area acted as a key support level, allowing the price to recover after a heavy drop. From there, Bitcoin moved into a consolidation phase around May, trading sideways as buyers and sellers battled for control.

Now, the focus is on the neckline around $120,000. Bitcoin is currently trading near $115,500, just below this key level. If the price can break above and hold past the neckline, analysts believe the market could open a “reward zone” with a target close to $150,000.

BTCUSDT Analysis Source: Tradingview

This pattern is often seen as a bullish signal, suggesting the end of a slow accumulation period and the beginning of a stronger uptrend. The chart also shows a possible buying point around the recent sideways range, which many traders view as a good entry for the next rally.

The Relative Strength Index (RSI) is at 55, showing that the market is not yet overbought and still has room to rise. This suggests Bitcoin’s price could continue climbing without running into strong selling pressure right away.

If the breakout happens, Bitcoin could move into new record territory, attracting both institutional and retail interest. However, analysts warn that if BTC fails to hold above $120,000, the price could slip back into sideways trading or test lower support zones again.