Survey: 72% of investors will hold Bitcoin, even if it falls to zero

Seven in ten cryptocurrency investors would not part with Bitcoin even if its price fell to zero. The results come from a survey of PlanB, the author of the Stock-to-Flow model, in which 22,635 users participated.

Super proud that 72% of my followers are hard core Hodlers!! #Bitcoin goes to $million+ or to «zero» and we ride it all the way. Vision, conviction and patience is the name of the game. Even if there is only 1% chance of $1million BTC, it is worth it (the option argument). pic.twitter.com/EuKVWCfRnp

— PlanB 🔴 🔴 🔴 (@100trillionUSD) August 16, 2020

Asked, “At what price would you sell Bitcoin if it does not rise sharply in the next few years?”, 5.8% of respondents said they would be willing to part with the cryptocurrency at prices below $1,000. About the same — at quotes in the $1,000–$3,000 range.

16.2% of respondents would have sold Bitcoin at levels up to $6,000.

The remaining 72% of survey participants said they would continue to hold Bitcoin even if its price approached zero.

Approximately the same share of ‘conviction Hodlers’ (57.5%) appeared in the July survey of Peter Schiff’s critique of the first cryptocurrency, in which 28,000 people participated.

As reported, Morgan Creek Digital co-founder Jason Williams opined that the legendary investor Warren Buffett would change his mind and buy Bitcoin after buying shares of a gold miner.

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