Michael Saylor is one of the biggest exponents of bitcoin, and he recently put a poll on social media asking when people might consider selling a small part of their bitcoin.
Saylor seeks others’ views on bitcoin
Michael Saylor is the President of Microstrategy, currently the biggest corporate holder of bitcoin. He is always very prominent on social media, and is constantly interviewed by many channels wanting to know his views on bitcoin.
However, this time, the multi-billionaire wants to know what others think of bitcoin, and specifically, when they might be tempted to sell a small part of their holdings.
How high will $BTC need to rise before you would consider selling a small portion of your #Bitcoin?
— Michael Saylor⚡️ (@saylor) December 6, 2023
Most looking to hold their bitcoin
Of the four options that Saylor gave potential respondents, the most selected one was “$1,000,000 to Never”, which has so far garnered 35.3% of the vote, with 8 hours left on the poll.
705,000 people have seen the post, and more than 116,000 of these have voted. Selling at $100,000 is currently in second place with 30.7% of the vote, while $250,000 polled 18.8%, and $500,000 was selected by 14.1% of people voting.
From the results so far on the vote it does appear that many people are looking to hold on to their bitcoin until much higher prices are realised. Of course, there were only a few options available, and when the market goes down perhaps some might be persuaded to sell earlier than otherwise.
Microstrategy buys more bitcoin
It will be interesting to see what Saylor has to say himself on the results of the poll. He has often said that both he and Microstrategy are only looking to accumulate more bitcoin.
On this note, Microstrategy only recently purchased more bitcoin, increasing its holdings by $608 million in November prices, with another 16,139 bitcoins.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://cryptodaily.co.uk/2023/12/michael-saylor-wants-to-know-when-people-would-consider-selling-bitcoin