, consumers are torn about the future of the world's most valuable cryptocurrency, with a full third of respondents saying they think it'll crater by year's end.
Of the more than 3,600 people interviewed for the March edition of the monthly survey, only one percent said they think crypto is "just a fad" — but only 10 percent said they expect bitcoin, which is currently peaking at more than $69,000, to reach $75,000 and surpass itsAnd another third of respondents said they expect bitcoin to fall below $20,000 by the end of 2024, which hasn't...
in the aftermath of the FTX crash. Still, the size of that survey subset is apparently shrinking — asnotes, March's 33-ish percent is down from 36 percent in January and 35 percent in February. That level of waning consumer pessimism seems to be in line with a growing proportion of respondents who believe crypto is both valid and important. In September 2023, less than 40 percent of respondents said they think cryptocurrencies are an "important asset class and method of payment transactions," whereas in March, that percentage was up to 52.
"You’re seeing a lot of continued traction that’s coming into the market because of the upcoming halving," Victoria Bills, the chief investment strategist at Banrion Capital, said in an interview withThe last time this change in circulation occurred was in 2020, when bitcoin's value leaped exponentially from $10,000 at the halving mark toBetween the third of respondents who are pessimistic about bitcoin's value progression and the 10 percent who think it's going to keep...
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