U.Today – Vocal proponent and co-founder of business intelligence giant MicroStrategy, Michael Saylor, took to his account on Platform X (formerly known as Twitter) to make an optimistic statement about Bitcoin.
His tweet also intrigued the community because it featured an image of Homer Simpson, who is “bullish on Bitcoin.”
Michael Saylor issued his tweet as Bitcoin continues to trade in the $64,200 zone after falling there from the $65,800 level in a 3.53% drop.
Prior to that, the world’s flagship digital currency demonstrated a staggering price increase of close to 16% between July 12 and 17, when it rose from $56,880 to the $65,910 zone.
Mt. Gox creditors plan to hold BTC
According to the tweet posted by Chinese blockchain journalist Colin Wu, in a poll on Reddit, a group of holders who finally received their Bitcoin compensation from the non-functional Mt. Gox exchange, have shared their plans on whether they intend to sell their recovered BTC and if they do, what percentage of it.
Of the just over 460 survey participants, 260 redditors do not plan to sell any of their bitcoins. Sixty-eight people plan to send between 1% and 25% to exchanges for sale. Eighty-eight investors will part with 100% of their BTC recovered from Mt. Gox.
Samson Mow, Bitcoin maximalist and CEO of Jan3, believes that no more than 20% of the $6 billion worth of Bitcoin sent by Mt. Gox as compensation will ever reach the market. The rest, he believes, will be locked in cold wallets for long-term storage.
This article was originally published on U.Today
