Majority of Investors Believe Bitcoin Will Surpass $69,000, Bitget Survey Finds
Date: 2024-02-06 Author: Dima Zakharov Categories: BLOCKCHAIN
The cryptocurrency market has been abuzz with anticipation as Bitget, a prominent exchange, conducted a comprehensive survey among 9,748 investors across Eastern and Western Europe, Southeast Asia, the Middle East, and Latin America. The survey sought to gauge investor sentiment regarding the upcoming Bitcoin halving event scheduled for April 2024.
According to the survey results, an overwhelming 84% of respondents believe that the halving event and increased demand will drive Bitcoin to new all-time highs, exceeding the $69,000 mark. However, investors should expect a gradual effect on the market rather than an immediate surge, as the reduction in miners' rewards takes time to manifest.
More than 50% of those surveyed are confident that in the months following the halving, Bitcoin will trade within the range of $30,000 to $60,000. Additionally, approximately 70% of participants expressed their intention to increase their cryptocurrency investments in light of these optimistic predictions.
Interestingly, a similar survey conducted by Binance in Europe yielded comparable results, with around 73% of Eurozone residents anticipating the appreciation of digital currencies in the coming years. Furthermore, 55% of respondents reported having already explored the capabilities of Bitcoin and other digital assets, indicating a growing interest in the crypto space among investors.
