Michael Saylor, a Bitcoin believer, conducted an interesting survey on the social media platform X. Accordingly, individual holders are not willing to sell their BTC. Meanwhile, the survey shows; More than one hundred and twenty thousand people voted.
Here are the results shown by Michael Saylor’s Bitcoin survey
Vocal Bitcoin evangelist and BTC lover Michael Saylor, founder of business intelligence giant MicroStrategy, conducted an interesting poll on the Twitter/X social media platform. The survey asked at what price average Bitcoin users would be willing to sell their BTC. Thus, he tried to collect participants’ opinions on how much Bitcoin should rise.
Michael Saylor, founder and former chief executive of MicroStrategy and currently head of the company’s Bitcoin strategy, asked his 3.1 million followers on the X app what price level Bitcoin should rise to before they could start selling some of their BTC portfolios. The results of the survey are interesting: the minority (14.2% and 18.9%) chose $250,000 and $500,000, respectively. However, the responses of the majority of voters received two different vectors. A total of 36.4% chose “never under $1 million.” The other majority, 30.6%, answered “$100,000.” Still, the absolute majority here, so far, do not intend to sell any Bitcoin until it reaches $1,000,000 or will not sell even if that happens.
How high will $BTC need to rise before you would consider selling a small portion of your #Bitcoin?
— Michael Saylor⚡️ (@saylor) December 6, 2023
Bitcoin community influencer Preston Pysh commented under the survey that “it would be great if it was possible to weight these responses by the number of coins each game has.” If that were possible, Pysh would have a total dominance of “I would never sell more than 1 million”
MicroStrategy bought more BTC
Meanwhile, as you follow from Kriptokoin.com, Saylor’s company MicroStrategy continues to increase its Bitcoin bets. About a week ago, Saylor announced the purchase of another crypto chunk of 16,130 BTC worth $593.3 million at the time of purchase. The average purchase price here was $36,785. This gave a significant increase to the total BTC stash held by MicroStrategy. Thus, the company’s overall holdings now stand at $174,530.
Samson Mow predicts Bitcoin price will reach $1 million
Yesterday, Jan3 boss Samson Mow shared his predictions for the future price of Bitcoin. Mow once again expressed his expectations that BTC will eventually reach $1,000,000. The first reason he gives for this is that a lot of institutional money will flow heavily into Bitcoin. The second reason is the Bitcoin halving event that will take place in April next year.
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