Site icon CrypLogger.com

Top managers of bitcoin companies gave forecasts for the market after the collapse of FTX

Against the backdrop of the bankruptcy of the FTX exchange, the “hole” in the balance of which amounted to about $ 8 billion, the leaders of cryptocurrency companies expect a further fall in bitcoin quotes up to a complete depreciation. This is evidenced by the results surveyconducted by the consulting company BDC Consulting among 53 top project managers from various fields.

On average, respondents expect the price of the first cryptocurrency to stop falling at $11,479. Only one respondent predicts its growth to $17,000 in the current situation. Three more did not rule out a fall in the value of bitcoin to $0.

The percentage drawdown of the price is calculated at the exchange rate as of November 14, 2022. Data: BDC Consulting.

At the same time, according to 91% of survey participants, FTX problems will not affect the peg of stablecoins to the dollar.

The study showed that more than half of top managers are going to increase investments in cryptocurrencies and do not plan to reduce them.

66% of those surveyed expect to expand their portfolio over the next month. A third of the respondents will not take any active action.

Data: BDC Consulting.

Respondents were also asked to name the area of ​​the crypto market that is the most secure and has the maximum growth potential in the current period.

The most popular answers included DeFi, infrastructure solutions, GameFi, bitcoin and DEX.

Data: BDC Consulting.

Analysts noted that the designated areas are among the largest in terms of market capitalization of the projects presented in them, according to data from Coinmarketcap, Coingecko and Cryptorank.

BDC Consulting proposes to pay special attention to infrastructure projects. In addition to being highly capitalized, their 30-day decline is the smallest among the other sectors listed.

The area of ​​the circles corresponds to the size of capitalization on November 14, 2022. Data: BDC Consulting.

“Even with the general panic, the current recession opens up investment opportunities that respondents intend to take advantage of by expanding their positions in the crypto market,” BDC Consulting analysts noted.

Recall, according to venture investor and billionaire Tim Draper, the price of bitcoin will reach $250,000 by the beginning of 2023, despite the crisis caused by the collapse of FTX.

Exit mobile version