The co-founder of MicroStrategy, Michael Saylor, who is the largest investor in bitcoin among public companies, asked his subscribers about the price at which they would consider selling their cryptocurrency assets. He conducted a survey on his microblog, offering several answers.
The most popular answer was the "$1 million or never" option, which was voted for by 36% of the survey participants. The second most popular option was the price of $100,000, which was considered by 30% of Sailor's subscribers as the level at which they could sell their cryptocurrencies. The $250,000 and $500,000 sales options were less popular, with support from 18% and 14% of participants, respectively.
The bitcoin price of $100,000 was called an important psychological level, and many members of the crypto community hoped that the cryptocurrency would overcome this milestone during the period of active growth after halving in 2020. Recall that bitcoin reached an absolute maximum close to $69,000 in November 2021.
Currently, many members of the crypto community expect bitcoin to reach the $100,000 level by 2024, especially given the upcoming halving of BTC. Historical data show that halving bitcoin stimulates price growth, and therefore there is reason to assume that halving in 2024 may lead to reaching the long-awaited level of $ 100,000.
The survey conducted by Michael Saylor gives an idea of the level at which investors can consider selling their bitcoins, and shows that the price of $100,000 can be a significant moment for activating cryptocurrency sellers.
