Institutional Investors Forecast 'Strong Year' for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows
A new survey shows that institutional investors expect “a strong year ahead for bitcoin” and are confident about the cryptocurrency’s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000.Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is registered with the U.K.
The survey, commissioned by Nickel and conducted by market research company Pureprofile this month, interviewed 200 institutional investors and wealth managers across the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil. The respondents collectively managed around $2.85 trillion in assets.Professional investors are forecasting a strong year ahead for bitcoin and are confident about its long-term valuation.
Regarding the price of bitcoin, the asset manager described, “The study found high levels of confidence about the long-term trend of the cryptocurrency,” adding that 23% forecasted thatFurthermore, 65% of institutional investors surveyed agree bitcoin could still hit $100,000 in the long term. Among them, 58% expectto reach this price level within three to five years while 25% say it would take five or more years.
Meanwhile, 39% of total respondents predicted that the price of bitcoin will reach its November 2021 peak of $69,000 within three years while 76% said it will likely happen within five years. “Only 3% questioned whether bitcoin will ever reach previous all-time high again,” the asset management firm noted.Price predictions in the cryptocurrency market is always a daunting task, however the most significant finding in our survey is that only 3% of investors are questioning bitcoin’s future.
To an institutional investor, Bitcoin is no different than any other asset with upside potential and treated no differently. Pump it, hump it, and dump it, with no concern for the assets projects or objectives.
Join me at Bybit and earn exclusive rewards with Bybit's Referral Program! Plus, up to 5,030 USDT in bonuses await you.
To the moon 🚀💯
Mitchellcrypto4 BuyNow
Easy come easy go that’s why i don’t deal with crypto
ERTHA too
When institutions are bullish, sell. Buy when they expect the worst.
My retirement plan 🤩🤩💯 bTc PBX BNB
Means such something possible?
In this case, my ownr wallet savings will make me rich very soon
I like this prediction but it looks too optimistic...investors can be wrong
How misleading is this headline. The article says it could reach $100k in the long term. This year maybe $30k. That wouid still leave most investors in the red and 50% below its ath so actually nothing to get excited about
Unfortunately, there are no reasons right now for so big run
Wow... That's great 🔥
mon🚀🚀🚀
So they can sell their 💩 to us
DeFiloud I want to share part of such believe
DeFiloud We pray it hit $100k🙏🙏
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BTCTN - 🏆 531. / 51 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: BTCTN - 🏆 531. / 51 Read more »