Bitcoin

Bold

<p>The post <a href="https://coinpedia.org/news/michael-saylors-poll-reveals-bold-predictions-for-bitcoins-10-year-growth/" rel="noopener noreferrer nofollow">Michael Saylor’s Poll Reveals Bold Predictions for Bitcoin’s 10-Year Growth</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The vocal Bitcoin advocate and MicroStrategy’s chairman and co-founder Michael Saylor has sparked excitement within the crypto community by launching a poll asking, ‘How fast do you expect BTC to appreciate annually in USD over the next ten years?’. The results showed a strong bullish sentiment among the respondents, indicating a significant boom in the price of Bitcoin. Saylor shared an X <a href="https://x.com/saylor/status/1804996559668453687?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1804996559668453687%7Ctwgr%5E8cc21a26640623a55cbd295e99ccca26942f76f7%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fbitcoin-ten-year-prediction-michael-saylor-hints-at-price-boom-ahead" rel="noopener noreferrer nofollow">post</a> with the crypto community.&nbsp;</p>
<h2 class="wp-block-heading" id="h-majority-believe-in-40-annual-appreciation-for-btc"><strong>Majority Believe In 40% Annual Appreciation For BTC</strong></h2>
<p>According to the poll results, 22.4% of the respondents predict a steady rise of 10-19% annually. 18% of them were even more bullish as they went with the second option predicting a surge of 20-29% annually. 10.8% of the respondents went with option three anticipating a 30-39% increase each year. What was even more impressive and shocking was the majority of them, i.e., 48.8% of the respondents foresee a staggering 40% annual appreciation over the next ten years.&nbsp;</p>
<p>The sentiment comes at a time when Bitcoin is experiencing a significant downturn dropping to nearly $60,000 in contrast to the hopeful predictions. As of press time, Bitcoin traded at $61,076, marking a more than one-month low and a roughly 6% drop. The crypto market has witnessed its second-worst weekly fall in 2024 with lower demands for Bitcoin ETFs and monetary public concerns.&nbsp;</p>
<h2 class="wp-block-heading" id="h-expectations-for-bitcoin"><strong>Expectations For Bitcoin</strong></h2>
<p>The Bitcoin ETFs also have recently witnessed substantial outflows as a huge outflow of $545 million was seen in the last week. While Bitcoin reached an all-time high of $73,798 in mid-March, it is behind traditional investments like equities, bonds, and gold in this quarter. As the crypto community is sailing through rough waters in the short term, Saylor’s poll reflects Bitcoin’s growth expectations for the next 10 years.&nbsp;</p>
<p>Notably, Peter Schiff has predicted Bitcoin price to continue falling over the next couple of years as he quoted previously that ‘you can keep looking at that chart for the next several years while the price of Bitcoin continues to fall and the price of gold continues to rise’.</p>

Michael Saylor’s Poll Reveals Bold Predictions for Bitcoin’s 10-Year Growth

Innholdsfortegnelse

CoinPedia News

Andre artikler publisert på 24. juni 2024

Transforming Fortunes Overnight: BlockDAG’s $2 Million Giveaway Changes Lives as BNB and Polkadot...

Investors Pull Funds from Crypto Products

Light Protocol and Helius Labs Just Gave Solana Superpowers: Here’s How

Kadena Enhances Blockchain Scalability

Ethereum Eyes Critical $3,780 Resistance: A Bullish Breakout on the Horizon?

How Chimpzee Offers Investors Various Passive Income Opportunities While Saving the Planet

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!