Investors are ready to sell bitcoins …

Investors are ready to sell bitcoins at $ 200,000 – Poll

According to a new study by LendEDU, the vast majority of bitcoin investors intend to hold cryptocurrency for more than a year and are going to sell bitcoins when their rate rises to $ 196.195.

“Believe it or not, this is our survey data,” LendEDU analyst Michael Brown said..

The study involved 564 Americans who invested in bitcoin.

At the same time, only 16.49% of investors are going to hold Bitcoin for less than a year. More than two-thirds of the respondents are still buying bitcoins and have never sold them yet.

Of course, the sample of this study can be called representative very conditionally, however, if we assume that it somehow reflects reality, the common opinion that the majority of cryptocurrency investors are speculators may turn out to be a delusion..

Investors are ready to sell bitcoins ...

According to economist Panos Murdukotas, Bitcoin can indeed reach such levels. However, for this he must replace fiat currencies, which is impossible without a change in the minds of people. Thus, in order for the bitcoin rate to rise to $ 200,000, that is, 26 times relative to current levels, a generational change must occur, Murdukotas said..

It is curious that, according to the survey, a third of American investors are not going to report their cryptocurrency income to the country’s tax office, which may indicate that the IRS’s suspicions did not arise from scratch..

Photo: Arthimedes

Investors are ready to sell bitcoins ...

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