Michael Saylor, MicroStrategy’s founder and executive chairman, recently sparked significant discussion within the crypto community with his latest poll on the X platform. The poll sought to gauge opinions on Bitcoin’s potential annual return over the next 21 years, directly referencing the cryptocurrency’s unique fundamentals.
Also Read: Hong Kong Legislator Proposes Bitcoin as a Solution to Financial Deficit
Bitcoin Return Growth Predictions Spark Community Interest
Saylor’s poll received 72,258 participants and participants provided their expected annual return percentages on Bitcoin for the next 21 years. The timeframe was selected in conjunction with the fact that Bitcoins have an overall total supply of 21 million in its deflationary model.
Also, the cut-on on a fixed four-year cycle was likely influenced by the effects brought by a phenomenon known as the Bitcoin halving.
The poll provided four options for participants—14%, 22%, 30%, and 38%—with 39.4% of respondents choosing the highest option, reflecting overwhelmingly bullish sentiment. Meanwhile, the 22% and 30% options garnered nearly equal support, with 19% and 19.7% of votes, respectively.
The lowest growth prediction, 14%, received 21.9% of votes, indicating a more conservative outlook from some users.
Massive Bitcoin Yield Announced for MicroStrategy Shareholders
The poll came out soon after Saylor announced MicroStrategy’s Bitcoin yield, revealing a 7-day Bitcoin return equivalent to $299 million. This was done using Btc obtained from debts borrowed from the shareholders, thus increasing shareholder’s loyalty to the company.
At the same time, its operations generated 0.72% in Bitcoin, or approximately 3,177 BTC. This yield showed that at $94,000, it was profitable to hold and use Bitcoin in corporate treasuries.
Saylor’s Poll and Bitcoin’s Long-Term Outlook
The percentage growth options in Saylor’s poll indicate his optimistic expectations for Bitcoin’s future value appreciation. The poll reflects growing confidence within the crypto community about Bitcoin’s potential to deliver substantial returns in the long run.
This optimism is rooted in Bitcoin’s fundamental characteristics, such as its fixed supply and deflationary nature. Combined with cyclical halvings, these features are expected to increase scarcity and drive demand, potentially resulting in higher annual returns for investors.
In conclusion, Michael Saylor’s poll has highlighted the crypto community’s bullish outlook on Bitcoin’s long-term growth. His announcement of significant Bitcoin yields for MicroStrategy shareholders further underscores Bitcoin’s potential as a profitable corporate asset.
The discussion surrounding Bitcoin’s future continues to build anticipation as investors speculate on its role in shaping the financial landscape over the next two decades.
Also Read: Ripple vs SEC: Could the Ripple ruling be reversed in the future?
