- Michael Saylor invited the community to share their view of Bitcoin’s potential growth in the next 10 years.
- While 21.8% of respondents believe that BTC will be 10-19%, 18.3% forecast 20-29% growth.
- Nearly 50% of the voters believe that Bitcoin will explode with more than 40% growth.
Michael Saylor, the Chairman of MicroStrategy and a prominent Bitcoin advocate, recently polled the crypto community on their expectations for Bitcoin’s growth over the next decade. The results reveal a predominantly bullish sentiment, with nearly half of respondents predicting an annual appreciation of over 40%.
On June 24, Saylor shared an X (formerly Twitter) post, asking the community, “How fast do you expect BTC to appreciate annually in USD over the next ten years?”
With about 35,933 votes, respondents shared a strong, optimistic view of Bitcoin’s journey over the next 10 years. While 21.8% of voters believe BTC would see a surge of 10-19%, 18.3% predict a 20-29% annual increase.
A smaller portion of respondents, 10.9%, forecasted a significant surge of 30-39%. However, the majority, comprising 48.9%, strongly believe the pioneering cryptocurrency will grow by more than 40% in 10 years.
As of the latest data from CoinMarketCap, Bitcoin trades at $61,332, with a slight dip of 1.87% in the last 24 hours. However, the cryptocurrency has witnessed more severe declines of 6.77% and 10.84% in the last week and month, respectively.
Bitcoin’s top position in the crypto space is solidified by its market cap of $1.21 trillion, despite a marginal drop of 2.07%. Nonetheless, Bitcoin’s 24-hour trading volume has increased substantially, currently at $43.13 billion, up 178%.
In related news, MicroStrategy has expanded its Bitcoin holdings with the recent purchase of 11,931 Bitcoins for approximately $786.0 million. With the recent purchase, MicroStrategy’s Bitcoin holdings have reached 226,331 BTC. The company acquired these BTCs for about $8.33 billion at an average of $36,798 per coin.
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