Quote from: Vincom on February 20, 2024, 01:06:11 AM

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?

References:
[1] MicroStrategy acquired 850 bitcoin for $37.2 million in January
[2] Michael Saylor’s MicroStrategy Bitcoin Bet Tops $4B in Profit
[3] MicroStrategy’s Losses on Its Bitcoin Bet Near $1 Billion
[4] Michael Saylor Suggests MicroStrategy Will Never Sell Its Bitcoin
[5] MicroStrategy Incorporated (MSTR): Holders
[6] MicroStrategy becomes first listed company to buy bitcoin as part of its capital allocation strategy

1. I don't think that they are gonna sell Bitcoin. But I'd love to see how the market and community would react to that.
2. I think the price would drop significantly, the biggest BTC bull is selling his BTC, imagine that.
3. Not really, I was DCAing when it was cheaper, but now I just switched to altcoins.

Vickysagar

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