







How long are they planning to hold on to their Bitcoin?



Why did they invest in Bitcoin?How long are they planning to hold on to their Bitcoin?

San Francisco News Desk

A thank you from Mike Brown of Lend EDU for contacting us the results of a survey their organization recently conducted and allowing us to share the results with our readers.The survey pool was made up of 546, US based Bitcoin investors.a. 21.81% of respondents answered "Bitcoin is a long term store of value, like gold or silver."b. 40.78% of respondents answered "I believe Bitcoin is a world changing technology."c. 14.01% of respondents answered "I believe that the price of Bitcoin is too low, and will only go higher."d. 15.25% of respondents answered "A friend, family member, or another trustworthy source convinced me to invest."e. 8.16% of respondents answered "I plan on using Bitcoin for transactions or purchases, and less of an investment."On average, respondents reported that the current value of their Bitcoin investment was $2,930.85. At the time of the survey completion, the price per Bitcoin was $6,490.a. 16.49% of respondents answered "Less than 1 year"b. 39.54% of respondents answered "1 to 3 years"c. 22.34% of respondents answered "4 to 6 years"d. 9.93% of respondents answered "7 to 10 years"e. 11.70% of respondents answered "Over 10 years"a. 44.15% of respondents answered "Yes"b. 55.85% of respondents answered "No"​a. 32.62% of respondents answered "Yes"b. 67.38% of respondents answered "No"​a. 64.13% of respondents answered "Yes, I plan on reporting gain or loss on my tax return"b. 35.87% of respondents answered "No, I do not plan on reporting gain or loss on my tax return"On average, respondents reported that they would be willing to sell all of their Bitcoin investment at $196,165.79 per Bitcoin. At the time of the survey completion, the price per Bitcoin was $6,490.-------