- MicroStrategy’s founder, Michael Saylor, posted a tweet poll asking followers about their Bitcoin investment type.
- The poll currently leads with maxis taking the largest chunk.
- Morgan Stanley reported that Bitcoin’s price increase is influenced by various factors.
In a recent tweet by MicroStrategy founder, Michael Saylor, he posted a poll for 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 to achieve global freedom and economic empowerment. The second type is the “Technocrat” who views Bitcoin as the dominant digital monetary network.
Meanwhile, the third type is the “Investor” which considers Bitcoin to be digital gold. Finally, the fourth type is the “Skeptic” which doubts Bitcoin’s legitimacy and believes that it’s too good to be true.
Crypto expert and trader Lady of Crypto responded to the tweet confessing that although she started as an investor, the world is now slowly turning her into a “maxi.” As per the poll, Bitcoin maximalists are leading the board with 44.8% of the votes, followed by investors with 36.8%, at the time of writing.
In other news, Morgan Stanley released a research report on Sunday stating that the rise in Bitcoin (BTC) prices can be attributed to various factors, including the expected increase in U.S. dollar liquidity that will aid the banking sector after a series of forced closures.
Although the world’s largest cryptocurrency by market cap has witnessed a 69% year-to-date growth, the analysts, led by Sheena Shah, noted that the order book liquidity of Bitcoin trading has reached its lowest level in a year. As a result, lower trading volumes can now lead to more significant price fluctuations 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, the issuance of the largest stablecoin, Tether (USDT), has increased by 10% in the last month and 16% this year. However, this growth has not been able to make up for the decline in other stablecoins like Binance USD (BUSD) and USD Coin (USDC).
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
