Most crypto participants believe that Bitcoin (BTC) will surpass its all-time high (ATH) price sometime after the upcoming halving event, according to a new study.
The research, issued by crypto trading platform Bitget, surveyed 9,748 crypto investors from different regions across the globe including West Europe, East Europe, South East Asia, East Asia, MENA (Middle East and North Africa) and Latin America.
Bitget finds that a majority of the thousands surveyed are optimistic about the future of Bitcoin.
Some 84% of respondents believe Bitcoin will surpass the prior ATH of $69,000 in the next bull run, following April’s halving event, when miners’ rewards are cut in half.
The report also says that 55% of those surveyed believe Bitcoin will enter a stable trading range between $50,000 and $100,000. A smaller group of respondents expect Bitcoin to exceed $150,000.
More than half of those surveyed predict that Bitcoin will have a trading range between $30,000 and $60,000 around the time of the April halving. About 30% believe Bitcoin will exceed $60,000 in April.
The survey also shows that 70% of the crypto market participants plan to increase their digital asset investments.
Says Bitget managing director Gracy Chen,
“The findings reflect a broad spectrum of expectations and investment plans, indicating that 2024 will be a significant year for the Bitcoin market. We are pleased to see such positive sentiment emerging as market conditions continue recovering.”
Bitcoin is trading for $42,890 at time of writing, up slightly in the last 24 hours.
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Source: https://dailyhodl.com/2024/02/06/majority-of-crypto-market-participants-see-bitcoin-running-as-high-as-100000-in-next-btc-expansion-bitget/