Bitcoin Ten-Year Prediction: Michael Saylor Hints at Price Boom Ahead

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions.

According to the poll results, 22.4% of participants foresee a steady rise of 10% to 19% annually. Meanwhile, 18% are even more bullish, predicting an annual surge of 20% to 29%. A hopeful 10.8% of respondents anticipate a 30% to 39% increase each year. However, it is the majority, a whopping 48.8%, who envision a staggering 40% annual appreciation for over a decade.

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 theBitcoin 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.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Michael Saylor Reacts as Bitcoin (BTC) Breaks Above $71,000Vocal Bitcoin proponent Saylor makes BTC prediction as Bitcoin surpasses $71,000 price mark
Source: Utoday_en - 🏆 295. / 63 Read more »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin’s momentum poise to propel crypto marketBitcoin (BTC) price consolidates in a symmetrical triangle pattern, showing directional bias.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin could see high volatility due to US CPIBitcoin (BTC) price could undergo an initial dip before rallying, with the release of US CPI data today.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin braces for potential short-term correctionBitcoin (BTC) price may initially dip before experiencing a rally, and Ethereum (ETH) and Ripple (XRP) are likely to follow suit, dipping before their potential rallies.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin retesting its major resistance levelBitcoin (BTC) and Ripple (XRP) prices are poised for short-to-midterm corrections, while Ethereum (ETH) hints at a potential rally.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin technical indicators signal bullish momentumBitcoin (BTC) price action shows a bullish divergence on a momentum indicator, signaling a forthcoming bullish trend.
Source: FXStreetNews - 🏆 14. / 72 Read more »