200 institutional investors and wealth managers share BTC price expectations

A vast majority of institutional investors and wealth managers are expecting Bitcoin (BTC) and Ethereum (ETH) to trade at higher prices than today’s, by the end of the year. The $100,000 price per BTC is also massively expected to happen within the next five years.

These and other price predictions were addressed in a study shared with Finbold on September 27. This global research was driven by Nickel Digital Asset Management (Nickel) with 200 institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates who collectively manage around $3.5 trillion in assets.

“Price predictions can of course be proved wrong in the short term by market shocks but there is genuine long-term confidence in the market with most investors believing Bitcoin will ultimately achieve the long-predicted $100,000 valuation. The market’s view on Ethereum is particularly bullish, with 99% of respondents expect ETH to finish the year above the current level of 1,900.”

— Anatoly Crachilov, CEO and Founding Partner at Nickel Digital

Bitcoin price prediction for the end of the year

According to the study, only 3% of institutional investors and wealth managers believe Bitcoin will end the year below $30,000 per BTC — the spot market price for the leading cryptocurrency when the research was made.

Notably, 78% of the experts believe they will see Bitcoin between $30,000 and $40,000 by December 31, 2023. Two different groups of 31% are expecting either something between $32,500 to $35,000, or $35,000 to $40,000.

15% of the interviewed institutional investors and wealth managers are betting Bitcoin will trade in the $40,000 to $45,000 price zone, just 1% are predicting a price superior to $50,000, and 3% see something in between these last two groups.

“The optimism about the year ahead is feeding through into longer-term support for Bitcoin growth – 78% believe Bitcoin will hit the landmark $100,000 valuation with 57% predicting the price will be achieved within five years.”

— Nickel Digital’s study

Ethereum price prediction for the end of the year

According to the study, only 1% of institutional investors and wealth managers believe Ethereum will end the year below $1,900 per ETH — the spot market price for the second-largest cryptocurrency when the research was made.

Notably, 70% of the experts believe they will see Ethereum between $1,900 and $2,500 by December 31, 2023. Two different groups of 25% and 35% are expecting something between $2,000 to $2,250 and $2,250 to $2,500, respectively.

23% of the interviewed institutional investors and wealth managers are betting Ethereum will trade in the $2,500 to $3,000 price zone, just 1% are predicting a price superior to $5,000, and 5% see something in between these last two groups.

“The strong performance of the two key cryptocurrencies is expected to boost demand for altcoins underlining the restored confidence in the digital assets sector. Around nine out of out 10 (89%) questioned believe Bitcoin and Ethereum growth will fuel demand for altcoins.”

— Nickel Digital’s study

All things considered, both Bitcoin and Ethereum’s further development, as well as the general market sentiment, news, and macroeconomics will play an important role in setting these assets’ future prices, to fulfill — or not — institutional investors’ and wealth managers’ expectations.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.