70% of US crypto investors believe that BTC will reach a new high within 5 years
Date: 2023-07-19 Author: Karina Ziganova Categories: BLOCKCHAIN
The main cryptocurrency has been trading at $30,000 for several weeks now. CryptoVantage surveyed 1,000 crypto investors to find out what they expect from the price of Bitcoin (BTC) in the coming years.
There is about a year left before the bitcoin halving. Previously, this important event became a catalyst for a price rally and led BTC to new all-time highs. However, American crypto investors are not sure that the trend will repeat itself.
Americans remain positive about BTC
78% of the study participants believe that bitcoin will sooner or later update the historical maximum. At the same time, 23% of them are confident that a sharp increase will occur next year against the background of halving. Another 47% believe that the main cryptocurrency will overcome the $69,000 mark over the next five years.
8% of crypto investors who took part in the survey believe that BTC will never return to its all-time highs.
Investors believe in ETH and DOGE
CryptoVantage also asked users' opinions regarding the broader crypto market. 75% of survey participants believe that in the next five years, cryptocurrency prices will be the same or significantly higher. On the contrary, 16% of respondents believe that prices will be the same as they are now, or significantly lower.
Since its inception, BTC has held the title of the largest cryptocurrency by market capitalization. However, 46.4% of investors believe that the second largest cryptocurrency, Ethereum (ETH), may soon displace bitcoin from its throne. 20.8% of respondents name Dogecoin (DOGE) as a possible contender for this role.
