Survey: Most Investors Believe Bitcoin Will Soar Above $69,000
A recent survey conducted by the Bitget exchange revealed that the majority of investors have a positive outlook on the future of digital currencies.
The survey, which included 9,748 participants from Eastern and Western Europe, Southeast Asia, the Middle East, and Latin America, found that these investors believe the upcoming halving in April 2024 will significantly impact the price of Bitcoin.
An overwhelming 84% of respondents expect that the combination of the halving and increased demand will drive the cryptocurrency to reach a new all-time high, surpassing $69,000.
However, it is predicted that the market will not respond immediately to the reduction in miners’ rewards, and the effect will be gradual. More than half of the respondents (50%) anticipate that BTC will trade between $30,000 and $60,000 in the months following the halving.
Furthermore, approximately 70% of those surveyed expressed their intention to increase their investments in digital currencies. A similar survey conducted by the Binance exchange among European residents showed that 73% of participants from the eurozone expect digital currencies to appreciate in value in the coming years.
Additionally, 55% of respondents reported having already experienced the capabilities of Bitcoin and other digital assets.
