Michael Saylor, the founder and chair of MicroStrategy, has sparked a Twitter Bitcoin community discussion with a new poll.
On Sunday, June 23, he asked his 3.4 million X followers about their expectations regarding the annual appreciation of Bitcoin (BTC) in USD over the next decade.
The poll has generated significant interest, attracting over 120,000 views and around 20,000 votes at press time. Through comments, enthusiasts and experts have shared diverse opinions on BTC’s potential performance in the next ten years.
The poll offers four options: 10-19%, 20-29%, 30-39%, and 40%+. Interestingly, nearly 50% of voters opted for the last option, indicating their expectation of Bitcoin growing by at least 40% annually over the period. Notably, Bankless Times also voted for the 40% plus option.
Experts Share Why We Might See 40% Annual Boost for Bitcoin
Confident supporters who responded argue that they chose 40% because the US government and the Federal Reserve continue to increase the amount of dollars in circulation, leading to a consistent drop in the value of USD but contributing to the rise of Bitcoin.
In a similar vein, a user under the name “bitcopath” argued that the government would continue to print more money with the ongoing war rhetoric and military expenditures.
Additionally, another user specifically claimed that BTC could likely achieve a forty percent annual performance, with the majority of the appreciation expected over the next two years, followed by a correction and a more gradual increase over the final few years of the next decade.
Furthermore, the participation of major companies such as BlackRock and MicroStrategy has added complexity to the Bitcoin market.
While some users believe that Bitcoin has become highly unpredictable due to the introduction of Bitcoin ETFs and the involvement of these companies, others are optimistic that the performance could surpass 40% due to the recent substantial inflows the market has experienced.
Although some experts share Saylor’s excitement, citing Bitcoin’s growing adoption and limited supply, many are still doubtful. The post also received its fair share of criticism from users who suggested that adding a 0% appreciation option or even some decreases to the poll could enhance its credibility.
MicroStrategy’s Big Bitcoin (BTC) Bet
As the discussion continues, the exact way BTC will perform in the next ten years remains to be seen. However, Saylor’s forecast has sparked a renewed debate about the coin’s future, and the expert poll offers valuable insights into the potential direction of the world’s most popular cryptocurrency.
Recall that MicroStrategy has been acquiring the leading cryptocurrency for several years and has become the company with the largest Bitcoin holdings. Michael Saylor is also a vocal advocate for Bitcoin.
As reported last week, MicroStrategy has purchased an additional 11,931 BTC for approximately $786.0M using proceeds from convertible notes and excess cash at an average price of $65,883 apiece.
At the time of the latest purchase, the company claims to hold 226,331 BTC acquired for approximately $8.33B, at an average price of $36,798 per bitcoin.
