Michael Saylor’s poll of 93,456 votes reveals surging confidence in bitcoin, with most participants predicting significant long-term returns.
Poll Reveals Surging Confidence in Bitcoin’s Future – Saylor’s Followers Expect Massive Growth
Michael Saylor, the executive chairman of Microstrategy, conducted a poll on social media platform X which ended Monday, asking his followers to predict bitcoin’s annual return over the next 21 years.
The poll, which garnered 93,456 votes, presented four options for projected returns: 14%, 22%, 30%, and 38%. The majority of participants, 39.3%, selected the highest option of 38% as their prediction for BTC’s future performance. The second most popular choice was a 30% return, attracting 19.4% of the votes. Following closely, 19.1% of respondents believed the crypto’s annual return would be around 22%, while 22.2% predicted a more conservative estimate of 14%.
Microstrategy, the software intelligence firm that Saylor co-founded, is a leading corporate investor in bitcoin, steadily expanding its holdings in recent years. On Monday, the company purchased 2,138 BTC for about $209 million. As of Dec. 29, Microstrategy holds 446,400 BTC, acquired for roughly $27.9 billion.
The firm recently unveiled its “21/21 Plan” to raise $42 billion over three years, evenly divided between equity and fixed-income securities, to expand its bitcoin holdings. The company’s aggressive acquisition strategy has notably impacted its stock performance in 2024. Shares surged this year, driven by investor confidence and its inclusion in the Nasdaq 100 Index. However, the stock declined this week, aligning with a drop in bitcoin’s price.
Saylor has been vocal about bitcoin’s potential as a long-term store of value, frequently describing it as digital gold. He forecasted bitcoin’s 2045 price at $13 million for the base case, $3 million for the bear case, and $49 million for the bull case. Highlighting the company’s performance, Saylor detailed on X Tuesday: “Since the beginning of Q4, MSTR treasury operations delivered a BTC Yield of 47.8%, a net benefit of 120,600 BTC to our shareholders. At $96K per BTC, that equates to $11.6 billion for the quarter.”
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