Saylor seeks opinions on bitcoin
Michael Saylor, the President of Microstrategy and a prominent bitcoin advocate, is known for sharing his views on social media. However, this time he is interested in hearing from others about their thoughts on bitcoin. Specifically, he asked when people would consider selling a small portion of their bitcoin holdings.
How high will BTC need to rise before you would consider selling a small portion of your Bitcoin?
— Michael Saylor⚡️ (December 6, 2023)
Most prefer to hold their bitcoin
Out of the four options provided by Saylor, the majority of respondents (35.3%) chose ” $1,000,000 to Never” as the threshold at which they would consider selling. Currently, there are 8 hours left in the poll, and 705,000 people have viewed it, with over 116,000 votes recorded. The option of selling at $100,000 is in second place with 30.7% of the vote, followed by $250,000 (18.8%), and $500,000 (14.1%).
While these results suggest that many people plan to hold on to their bitcoin until prices rise significantly, it’s important to note that the options provided were limited. Market conditions and individual circumstances may influence decisions to sell earlier.
Microstrategy continues to accumulate bitcoin
It will be interesting to hear Saylor’s thoughts on the poll results. He has repeatedly expressed his intention to accumulate more bitcoin, both personally and on behalf of Microstrategy. As evidence of this commitment, Microstrategy recently acquired an additional 16,139 bitcoins in November, worth $608 million at the time.
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