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BTC would rather fall to $10,000 than return to $30,000

by Vaibhav
July 11, 2022
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BTC would rather fall to $10,000 than return to $30,000
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60% of respondents Bloomberg investors believe that a decline in the price of bitcoin to $10,000 is more likely. A recovery to $30,000 is the base case for the remaining 40%.

The study involved 950 respondents.

Compared to institutional investors, there were more skeptics among retail investors. Almost one in four called the first cryptocurrency “garbage” (18% among professional market participants).

The same ratio was not in favor of digital gold in the options “open-minded, but skeptical” and “skeptical, but participating in one form or another” – 27% vs. 32% and 22% vs. 23%, respectively.

Data: Bloomberg.

Respondents expressed confidence that recent developments in the crypto market will prompt regulators to tighten their oversight of the industry. This can increase trust and lead to further popularization of digital assets.

See also  Brad Garlinghouse estimated the likelihood of the dispute with the SEC to end before the end of 2022

The majority of respondents expressed confidence in the strong positions of Bitcoin and Ethereum in the next five years, despite the active preparation of the launch by central banks. CBDC.

Only 9% of study participants consider NFTs as an investment opportunity. For the rest, non-fungible tokens are art projects and status symbols, to which the former hype will no longer return.

Recall that the head of Galaxy Digital Mike Novogratz doubted the price reduction of the first cryptocurrency up to $13,000.

Earlier, the head of the management company Rockefeller International, Ruchir Sharma, noted that bitcoin need to get rid of excess shouldersto become sustainable again.

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

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60% of respondents Bloomberg investors believe that a decline in the price of bitcoin to $10,000 is more likely. A recovery to $30,000 is the base case for the remaining 40%.

The study involved 950 respondents.

Compared to institutional investors, there were more skeptics among retail investors. Almost one in four called the first cryptocurrency “garbage” (18% among professional market participants).

The same ratio was not in favor of digital gold in the options “open-minded, but skeptical” and “skeptical, but participating in one form or another” – 27% vs. 32% and 22% vs. 23%, respectively.

Data: Bloomberg.

Respondents expressed confidence that recent developments in the crypto market will prompt regulators to tighten their oversight of the industry. This can increase trust and lead to further popularization of digital assets.

The majority of respondents expressed confidence in the strong positions of Bitcoin and Ethereum in the next five years, despite the active preparation of the launch by central banks. CBDC.

Only 9% of study participants consider NFTs as an investment opportunity. For the rest, non-fungible tokens are art projects and status symbols, to which the former hype will no longer return.

Recall that the head of Galaxy Digital Mike Novogratz doubted the price reduction of the first cryptocurrency up to $13,000.

Earlier, the head of the management company Rockefeller International, Ruchir Sharma, noted that bitcoin need to get rid of excess shouldersto become sustainable again.

Read Cryplogger bitcoin news in our Telegram – Cryptocurrency news, courses and analytics.

Found a mistake in the text? Select it and press CTRL+ENTER

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