Michael Saylor’s Twitter Poll Reveals Bitcoin Maximalists Are Rising With CoinEdition

• MicroStrategy’s founder, Michael Saylor, posted a tweet survey asking followers about their Bitcoin investment type.
• The poll is currently leading with maxis taking the biggest share.
• Morgan Stanley (NYSE:MS) reported that Bitcoin’s price increase is influenced by various factors.

In a recent tweet by MicroStrategy founder Michael Saylor, he posted a poll to his followers asking them what kind of Bitcoin investor they are while presenting four options.

The first type is the “maximalist” who sees Bitcoin as a means of achieving global freedom and economic empowerment. The second type is the “Technocrat” who sees Bitcoin as the dominant digital monetary network.

Meanwhile, the third type is “Investor” who considers Bitcoin to be digital gold. Finally, the fourth type is the “Skeptic” who doubts Bitcoin’s legitimacy and believes it is too good to be true.

Crypto expert and trader Lady of Crypto responded to the tweet and admitted that although she started out as an investor, the world is now slowly turning her into a “maxi.” According to the poll, Bitcoin maximalists lead the board with 44.8% of the vote, followed by investors with 36.8%, at the time of writing.

In other news, Morgan Stanley released a research report on Sunday saying that the rise in Bitcoin (BTC) prices can be attributed to various factors, including the expected increase in US dollar liquidity that will help the banking sector after a series of foreclosures.

Although the world’s largest cryptocurrency by market capitalization has witnessed a 69% year-to-date growth, the analysts, led by Sheena Shah, noted that Bitcoin trading order book liquidity has hit its lowest level in a year. As a result, lower trading volume can now lead to more significant price swings than before.

Additionally, according to a report, Binance traders are now responsible for setting the daily price of Bitcoin, as the crypto exchange’s share of trading volume has reached 80%. Meanwhile, issuance of the largest stablecoin, Tether (USDT), is up 10% in the past month and 16% this year. However, this growth has not been able to offset the decline in other stablecoins such as Binance USD (BUSD) and USD Coin (USDC).

The post Michael Saylor’s Twitter Poll Reveals Bitcoin Maximalists Are On The Rise appeared first on Coin Edition.

Get the news you want

Read exciting news in the market with a personal feed of stocks you care about.

Get the app

See the original at CoinEdition