Financial commentator Peter Schiff recently shared the results of a poll on the X platform, which inadvertently showcased the resilience and conviction of Bitcoin holders. The poll revealed that an overwhelming 87% of respondents would not sell their Bitcoin holdings even if the price dropped by 99%. Instead, they would continue to buy more Bitcoin as its price fell.

Schiff's intention was to caution against investing in Bitcoin, but the poll results were widely interpreted as a positive endorsement of the cryptocurrency. Many community members noted that the strong conviction among Bitcoin holders is a bullish sign for its long-term prospects. One user even described it as the best advertisement for Bitcoin they had ever heard.

Bitcoin has a history of significant price drops and recoveries, with a 93% decline in 2011 and a 77% drop during the recent bear cycle. Despite these setbacks, Bitcoin has consistently rebounded stronger after each bear market. The resilience shown by Bitcoin holders in Schiff's poll suggests a strong belief in the cryptocurrency's future.

Schiff, a long-time critic of Bitcoin, has predicted that the cryptocurrency could crash to as low as $3,500. However, the poll results indicate that Bitcoin holders are not deterred by potential price drops and are committed to their investments.

The poll results have sparked a sense of optimism among Bitcoin enthusiasts, who see the strong conviction among holders as a positive sign for the cryptocurrency's future. Despite Schiff's critical stance, the resilience of Bitcoin holders suggests that the cryptocurrency will continue to thrive in the long term.