• Michael Saylor’s Bitcoin poll reveals strong optimism for a significant price boom.

  • Respondents foresee annual Bitcoin growth: 10-19%, 20-29%, 30-39%, or a staggering 40%.

  • While critics predict declines, many believe in Bitcoin’s potential gains.

MicroStrategy’s chairman and co-founder, Michael Saylor, has launched a Bitcoin poll. The results of this poll reveal a strong bullish sentiment among respondents, indicating a significant boom in the price of Bitcoin.

How fast do you expect $BTC to appreciate annually in USD over the next ten years?

— Michael Saylor (@saylor) June 23, 2024

According to the poll results, key predictions about Bitcoin’s future value show that 22.4% of respondents foresee a steady rise of 10-19% annually, while 18% anticipate a more optimistic surge of 20-29% each year. Additionally, 10.8% expect confident growth of 30-39% annually, and the majority, 48.8%, predict a staggering appreciation of 40% annually over the next decade.

Bitcoin’s Downturn 

These sentiments emerge amidst a challenging market landscape. Bitcoin recently experienced a significant downturn, dropping to nearly $60,000. As of press time, it traded at $61,076—a more than one-month low and roughly a 6% decline. 

The crypto market faced its second-worst weekly fall in 2024, driven by lower demand for Bitcoin ETFs and monetary concerns. While Bitcoin reached an all-time high of $73,798 in mid-March, it currently lags behind traditional investments like equities, bonds, and gold in this quarter. 

Despite short-term turbulence, Saylor’s poll reflects the crypto community’s long-term growth expectations for Bitcoin. Notably, Peter Schiff, a well-known critic of Bitcoin, predicts further price declines over the next few years. However, the bullish sentiment from Saylor’s poll suggests that many believe in Bitcoin’s resilience and potential for substantial gains over the coming decade.

Read Also 

  • Poll Shows 82% of Respondents Require Presidential Candidates to Support Bitcoin

  • Market Will go Down After The US CPI is Announced: Poll

  • UAE Holds the Largest Population of Crypto Owners: Poll

  • Dogecoin Millionaire Buys $10K ADA After Community Poll Results

  • Poll: China Might be Next On Nigeria`s Footsteps

The post Michael Saylor’s Poll Unveils Ambitious Bitcoin Growth Forecasts for the Next Decade appeared first on Crypto News Land.