Factor

Bitcoin

April

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<p lang="en-GB" xml:lang="en-GB">Vocal Bitcoin evangelist and founder of BTC-loving MicroStrategy business intelligence giant Michael Saylor has conducted a survey on the Twitter/X social media platform, seeking to collect average Bitcoin users’ opinions as to how high Bitcoin should rise before they begin selling their BTC.</p>
<p lang="en-GB" xml:lang="en-GB">Here are the surprising answers of more than half of the respondents. Overall, 112,131 people voted in the poll.</p>
<h2 id="here-s-what-michael-saylor-s-bitcoin-survey-shows">Here’s what Michael Saylor’s Bitcoin survey shows</h2>
<p lang="en-GB" xml:lang="en-GB">Michael Saylor, founder of MicroStrategy, its former chief executive and currently the head of the company’s Bitcoin strategy, asked his 3.1 million followers on the X app what price level Bitcoin needs to surge to so that they can start selling a portion of their BTC portfolio.</p>
<p lang="en-GB" xml:lang="en-GB">The results of the poll are curious: the minority (14.2 and 18.9%) chose $250,000 and $500,000, respectively. However, the replies of the majority of the voters took two different vectors. A total of 36.4% chose “from $1 million to never,” and 30.6% voted for “$100,000.”</p>
<p lang="en-GB" xml:lang="en-GB">Still, the absolute majority here, so far, does not intend to sell any Bitcoin until it hits $1,000,000, or will not sell even if that happens.</p>
<blockquote>
 <p lang="en" dir="ltr">How high will <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> need to rise before you would consider selling a small portion of your <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a>?</p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1732486568949031389?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 6, 2023</a>
</blockquote>
<p lang="en-GB" xml:lang="en-GB">Bitcoin community influencer Preston Pysh commented under the poll that it would be great if it were possible to “market weight those responses based on the number of coins each vote holds.” If that could happen, <a href="https://twitter.com/PrestonPysh/status/1732559229054058589" rel="noopener noreferrer nofollow">he adds</a>, “it would show total dominance at 1M+ never selling.”</p>
<h2 id="microstrategy-acquires-more-bitcoin">MicroStrategy acquires more Bitcoin</h2>
<p lang="en-GB" xml:lang="en-GB">In the meantime, Saylor’s company MicroStrategy continues to increase its Bitcoin bet. Approximately a week ago, Saylor announced a purchase of another crypto large chunk – <a href="https://u.today/593-million-bitcoin-btc-purchase-announced-by-microstrategy" rel="noopener noreferrer nofollow">16,130 BTC worth $593.3 million</a> at the time of the purchase.</p>
<p lang="en-GB" xml:lang="en-GB">The average purchase price here constituted $36,785. This gave a significant increase to the total BTC stash held by MicroStrategy, and its overall holdings now stand at $174,530.</p>
<h2 id="bitcoin-to-hit-1-million-samson-mow-predicts">Bitcoin to hit $1 million, Samson Mow predicts</h2>
<p lang="en-GB" xml:lang="en-GB">Yesterday, Jan3 boss Samson Mow again voiced his expectations to see <a href="https://u.today/bitcoin-btc-still-targets-1-million-per-samson-mow-as-he-says-balaji-srinivasan-got-timing-wrong" rel="noopener noreferrer nofollow">Bitcoin reach $1,000,000 eventually</a>.</p>
<p lang="en-GB" xml:lang="en-GB">The reasons he suggested for that is that a great deal of institutional money will continue flowing into Bitcoin extensively, plus the upcoming Bitcoin halvening event that is due in April next year.</p>

Michael Saylor's Bitcoin Price Factor Survey Shows Astonishing Results: Details

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