The main cryptocurrency has been trading at $30,000 for several weeks now. Company 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.
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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 backdrop of halving. Another 47% believe that the main cryptocurrency will overcome the $69,000 mark over the next five years.
Source: Cryptovantage
8% of crypto investors who took part in the survey believe that BTC will never return to its historical highs.
Investors believe in ETH and DOGE
В CryptoVantage also inquired about the opinion of users regarding the wider crypto market. 75% of survey participants believe that in the next five years, prices for cryptocurrencies will be the same or significantly higher. On the contrary, 16% of respondents believe that prices will be the same as 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 remove Bitcoin from its throne. 20.8% of respondents name Dogecoin (DOGE) as a possible contender for this role.
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2023-07-18 18:10:00
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