Michael Saylor is one of Bitcoin’s biggest supporters, and he recently conducted a poll on social media asking when people might consider selling a small portion of their Bitcoin.
Saylor seeks other people’s opinions on Bitcoin.
Michael Saylor is the President of Microstrategy, currently the largest corporate holder of Bitcoin. He has always been very popular on social media and is constantly being interviewed by many channels who want to know his views on Bitcoin.
But this time, the billionaire wants to know what others think about Bitcoin, especially when he might be tempted to sell some of his holdings.
How high will it be? $BTC This has to happen first before you sell some of your stocks. #Bitcoin?
— Michael Saylor⚡️ (@saylor) December 6, 2023
Most people want to hold Bitcoin.
Of the four options that Saylor presented to potential respondents, the most commonly chosen option was “Never Spend $1 Million.” This option has won 35.3% of the votes so far, with eight hours left in the polls.
705,000 people saw the post, and more than 116,000 of them voted. Currently, selling for $100,000 is in second place with 30.7% of the votes, followed by $250,000 with 18.8% of the votes and $500,000 with 14.1% of the votes.
Looking at the voting results so far, it appears that many people want to hold on to Bitcoin until a much higher price is realized. Of course, there are only a few options available, and when the market falls, some may be persuaded to sell earlier than they would otherwise.
Microstrategy Buys More Bitcoin
It will be interesting to see what Saylor himself has to say about the poll results. He often said that both he and Microstrategy were looking to accumulate more Bitcoin.
According to the note, Microstrategy has only recently been purchasing more Bitcoin, increasing its holdings by $608 million at November prices and securing an additional 16,139 Bitcoins.
Disclaimer: This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.