I would like to know your opinion on this issue:
- What are your thoughts on the possibility of Michael Saylor and MicroStrategy selling Bitcoin during the current bull cycle's distribution phase?
- If such a sale were to occur, how do you anticipate it affecting the price of Bitcoin and the broader cryptocurrency market?
- Do you consider the actions of individual entities, such as MicroStrategy, when making investment decisions?
1. I think they are going to take a profit, there is no doubt about that because the primary purpose of their investing in Bitcoin is to gain profit on their investments, and if they don't take profit when the time is right, they are not doing it right. They don't need to sell everything they hold for that though, they can just sell a portion of it.
2. I don't think they or any other company selling their Bitcoins will affect the price of Bitcoin much because they will most probably sell them in batches, and even if they don't do that, they don't hold a large percentage of the total Bitcoin supply.
3. No, I don't consider the actions or holdings of individual entities or companies when making my investment decisions. I only look at market conditions and the position within the cycle where we are at.