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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