During a sharp Bitcoin price correction that briefly pushed the asset into the low $80,000s, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), conducted a poll on social media platform X that underscored remarkable investor conviction. The poll, asking “Did you HODL this week?” received over 133,156 responses, with a staggering 77.8% answering “Yes.” This overwhelming display of hodling behavior stands as a powerful sentiment indicator for the broader market.
Hodling Through Volatility
The poll was published on November 22, 2025, as Bitcoin slipped toward key support levels before rebounding near $86,550. Despite short-term uncertainty and daily chart weakness, the vast majority of participants chose to maintain their positions. Saylor, known for his relentless Bitcoin advocacy, commented that his company Strategy is “indestructible” even amid major drawdowns. The poll result aligns with the view that long-term holders view volatility as an opportunity to accumulate rather than exit.
Strategy’s MSCI Index Challenge
While the poll reflects bullish retail sentiment, Strategy itself faces a potential headwind. Because the firm’s Bitcoin holdings now constitute more than 50% of total assets, MSCI has flagged the possibility of removing MSTR from its indices. JPMorgan analysts warned that such an index exclusion could trigger billions of dollars in passive fund outflows, creating significant short-term pressure on Strategy’s stock. Saylor has countered that MSTR operates as a viable business, not merely a Bitcoin fund, and should be evaluated as such. This controversy adds an interesting layer to the ongoing debate about corporate Bitcoin treasury strategies.
Analyst Outlook: Bullish Despite Consolidation
Despite the near-term turbulence, numerous analysts and fund managers maintain a bullish 2025 price target of $200,000 for Bitcoin. Their optimism is rooted in continued institutional adoption via exchange-traded funds (ETFs), potential easing of global monetary policy, and persistent on-chain accumulation by large holders. The current volatility is widely described as a “healthy correction” — a consolidation phase that shakes out weak hands and builds a stronger foundation for the next rally. With long-term conviction reinforced by Saylor’s poll and strong institutional flows, the path toward higher prices remains intact.