MicroStrategy CEO Michael Saylor Sparks Excitement in 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 reveal strong bullish sentiment among respondents, suggesting a significant price boom ahead for Bitcoin.

MicroStrategy chairman and cofounder Michael Saylor has launched a new poll, sparking excitement within the crypto community. The poll asks respondents to predict the annual appreciation rate of BTC in USD over the next ten years.

As the results pour in, they reveal strong bullish sentiment among the respondents, hinting at a significant price boom ahead for Bitcoin. Nearly half of the respondents seem to be extremely optimistic about the future of BTC, anticipating a substantial annual appreciation that could see the cryptocurrency reaching unprecedented levels.

According to the poll results, 22.4% of participants foresee a steady rise of 10% to 19% annually. This group expects a gradual but consistent increase in the value of Bitcoin over the next decade. At the same time, 18% of respondents are even more bullish, predicting a more substantial annual surge of 20% to 29%. These respondents anticipate a strong and sustained bull market for Bitcoin.

Moreover, a hopeful 10.8% of respondents seem to be highly optimistic, anticipating an annual appreciation of 30% to 39%. This group expects a phenomenal rise in the price of Bitcoin each year over the next ten years. However, the majority of respondents, a whopping 48.8%, envision a staggering 40% annual appreciation for over a decade. These respondents believe that Bitcoin will experience an exceptional bull market, reaching new all-time highs year after year.

Interestingly, this bullish sentiment among respondents stands in stark contrast to the current market conditions. As of press time, Bitcoin recently extended its decline to lows of $60,581 in the early trading session today, following one of the worst weeks for the cryptocurrency in 2024.

Bitcoin is trading at $61,076, marking a more than one-month low and a roughly 6% drop from its recent peak above $73,000. Losses are building up on the cryptocurrency market following its second-worst weekly fall in 2024, reflecting lower demand for Bitcoin exchange-traded funds and monetary policy concerns.

The decline in crypto comes amid concerns about the Federal Reserve's scope to quickly reduce interest rates from a two-decade high. Bitcoin reached an all-time high of $73,798 in mid-March, but it is behind traditional investments like equities, bonds and gold this quarter.

As the crypto community keeps an eye on Bitcoin's price movement in the short term, Saylor's poll reflects expectations for Bitcoin's growth over the next decade.

News source：https://www.kdj.com/cryptocurrencies-news/articles/microstrategy-ceo-michael-saylor-sparks-excitement-crypto-community-launching-poll-fast-expect-btc-annually-usd-ten.html

The above is the detailed content of MicroStrategy CEO Michael Saylor Sparks Excitement in Crypto Community by Launching a Poll, Asking, \'How Fast Do You Expect BTC to Appreciate Annually in USD over the Next Ten Years?\'. For more information, please follow other related articles on the PHP Chinese website!