Post
Topic
Board Bitcoin Discussion
Re: When will Michael Saylor and MicroStrategy sell BTC?
by
Maus0728
on 22/02/2024, 15:47:06 UTC
What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
My thoughts would be that of congratulatory because they've been hodling that much bitcoin and have been accumulating for a really long time already and I think that whatever they do, they deserve to have it and I just hope that I'm prepared financially with whatever their big liquidation creates.
If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
I anticipate it to be something that's going to lower the price of bitcoin to a point that many of us would probably think is impossible to happen, like for example, they might break the price floor for bitcoin many times than we think is possible.
Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?
I don't think that MS is an individual, they're an investment company right? Which means that there's a board sitting on top of that company that's deciding how they should do things and how they should sell the bitcoin.