• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Is The Approval Of Crypto ETFs At Risk? SEC Operations Frozen By Gov. Shutdown
Bitcoin Community Bullish

Bitcoin Community Bullish: Majority See Over 40% Annual Growth For The Next Decade

Samuel Edyme
by Samuel Edyme
1 year ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Recently, Michael Saylor, Chairman of MicroStrategy and a notable advocate for Bitcoin, conducted a poll to gauge community expectations on Bitcoin’s potential growth over the next decade.

The poll revealed an overwhelmingly optimistic sentiment among participants about the cryptocurrency’s future financial trajectory.

Related Reading: Bitcoin Rights Secured In Louisiana: New Bill Protects BTC And Shuns CBDCs

An Expected Decade-Long Bullishness

From the survey that gathered opinions from over 35,000 respondents, a significant portion exhibited confidence in Bitcoin’s annual growth.

The anticipation of substantial returns reflects the enthusiasm within the crypto community and their long-term faith in Bitcoin’s underlying value and its role in the future of finance.

This sentiment analysis comes when Bitcoin is trying to rebound from a week of losses, having recently climbed from just below $58,000 yesterday to a 24-hour high of $61,649.

Bitcoin (BTC) price chart on TradingView
BTC price is moving sideways on the 1-hour chart. Source: BTC/USDT on TradingView.com

According to the results shared by Saylor, nearly half of the respondents, about 48.9%, predict that Bitcoin will see an annual growth rate exceeding 40% over the next ten years.

Smaller yet significant percentages of the community are more conservative; 21.8% foresee growth rates between 10-19%, and 18.3% expect a 20-29% rise per annum.

About 10.9% of participants are hopeful for a 30-39% yearly increase, demonstrating a wide spectrum of expectations that overall tilt towards bullish prospects.

How fast do you expect $BTC to appreciate annually in USD over the next ten years?

— Michael Saylor⚡️ (@saylor) June 23, 2024

The survey highlights a stark contrast in perspectives within the crypto community, from moderately optimistic to highly bullish.

Bitcoin Current Hurdles

As Bitcoin navigates its current market value, key support levels become crucial indicators for future movements. In a recent report from Forbes, analysts like Joe DiPasquale, CEO of BitBull Capital, have expressed concerns that a break below the $60,000 mark could prompt a decline to as low as $50,000.

This perspective is echoed in broader market analyses, which suggest that Bitcoin’s price stability around critical thresholds like the $60,000 mark is vital for maintaining positive market sentiment.

Further insights from Grant Tungate, Head of Business Development at Blockforce Capital, identify a support zone between $55,000 and $58,000, underscoring the importance of the 200-day moving average currently sitting at $57,500.

Related Reading: Bitcoin 2024 Braces For Trump Talk: Crypto Community Abuzz For July

According to Tungate, monitoring these levels is essential for investors to understand potential risk zones and prepare for significant price corrections.

Similarly, William Noble, Director of Research at Emerging Assets Group, notes that failure to sustain or exceed the $61,100 level could see Bitcoin’s price retracting to $56,200. Noble further noted:

The most important thing to watch for on the chart is if traders and investors will be willing to pay higher prices and not just buy big down moves. If there is no demand once [the] price rises, then a move to 56k becomes very likely. In other words, beware of failed rallies.

Featured image created with DALL-E, Chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Samuel Edyme

Samuel Edyme

Follow

Edyme is a writer, a content writer that specialises in writing about the crypto realm. Asides Bitcoinist and NewsBTC, Edyme's writing has been featured in top sites such as Blockchain.News, CoinMonk, Blockchain Reporter, Bitcoin Insider among others.

Full Profile

Related Posts

Bitcoin

Bitcoin Price Still On Track To Hit $165,000, JPMorgan Analysts Reveal Timeline

8 hours ago
Bitcoin

Bitcoin Speculation Explodes As Open Interest Sets New $45.3 Billion Record

11 hours ago
Bitcoin Whales

Bitcoin Whales Still Selling, But Mid-Sized Holders Now Stepping In To Buy

17 hours ago
Bitcoin Futures Buyers Step Up: Taker Buy Volume Tops $1.8B

Bitcoin Futures Buyers Step Up: Taker Buy Volume Tops $1.8B

21 hours ago
Bitcoin

Bitcoin Holders Locking In Gains As Profit-Taking Surges Amid Market Recovery, Rally To Extend?

1 day ago
Spot Bitcoin ETFs Record $1.08B In 4-Day Volume: Fueling Price Momentum

Spot Bitcoin ETFs Record $1.08B In 4-Day Volume: Fueling Price Momentum

1 day ago

Premium Sponsors

Press Releases

  • The Quiet Market Shift Investors Might Be Missing: How Tapzi Is Challenging Institutional Favorites

    The Quiet Market Shift Investors Might Be Missing: How...

    1 day ago
  • Investors Search for Long-Term Upside in This Under-$0.01 Crypto of 2025 Tapzi

    Investors Search for Long-Term Upside in This Under-$0.01...

    1 day ago
  • MoonBull Presale Explodes with over 11,800% Projected ROI as Uptober Sends the Market Soaring

    MoonBull Presale Explodes with over 11,800% Projected ROI...

    1 day ago
  • 狗狗幣引領『Uptober』Meme...

    2 days ago
  • ตัวละคร Snorter ขนฟูโต้คลื่นบนเซิร์ฟบอร์ดสีชมพู

    จับตา Uptober!...

    2 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.