Ripple CTO, David Schwartz, has initiated an unconventional public survey on Bitcoin (BTC), strategically timed amid a 4.23% decline in its price over the last 24 hours, reaching $42,097.96. This dip prompts a variety of opinions on whether to “HODL or smash” Bitcoin.

Schwartz’s poll has drawn responses that reveal a lack of optimism toward Bitcoin compared to XRP, the digital currency associated with Ripple Labs, where Schwartz holds a prominent position. Some respondents expressed a willingness to “smash” Bitcoin, while others indicated a preference for converting to XRP and HODLing.

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It is important to note that social media commentary may not accurately represent genuine investor sentiment, as comments are often crafted to boost engagement. Schwartz’s Bitcoin opinion poll follows a weekend of discussions where he defended Bitcoin against comedian Owen Benjamin’s claim that it is a decentralized Ponzi scheme.

Despite varying sentiments, Bitcoin remains the most established digital currency, and the prevailing trend suggests a growing interest in a Bitcoin ETF product. Schwartz argues that selling Bitcoin is not in the seller’s best interest, highlighting the long-term value proposition as the dollar used for the sale typically depreciates over time.

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This perspective aligns with the steadfast commitment to HODLing exhibited by significant Bitcoin holders like MicroStrategy, a business intelligence and software firm that has been accumulating Bitcoin since August 2020.

The company, holding over 174,000 BTC units, shares a similar conviction with Michael Saylor, the chairman of MicroStrategy, who believes that HODLing Bitcoin is the optimal strategy for long-term gains.

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