Institutional Investors Forecast ‘Strong Year’ for Bitcoin — 65% Expect BTC to Hit $100K, Survey Shows

A caller survey shows that organization investors expect “a beardown twelvemonth up for bitcoin” and are assured astir the cryptocurrency’s semipermanent valuation. In addition, 65% of organization investors surveyed hold that bitcoin could scope $100,000.

‘Strong Year Ahead for Bitcoin’

Nickel Digital Asset Management published the results of a survey Thursday showing however precocious organization investors expect the terms of bitcoin to reach. The London-based concern manager is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC).

The survey, commissioned by Nickel and conducted by marketplace probe institution Pureprofile this month, interviewed 200 organization investors and wealthiness managers crossed the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil. The respondents collectively managed astir $2.85 trillion successful assets.

Sharing the results of the survey, Nickel detailed:

Professional investors are forecasting a beardown twelvemonth up for bitcoin and are assured astir its semipermanent valuation. Nearly 9 retired of 10 nonrecreational investors foretell bitcoin terms emergence this year. Two retired of 3 hold $100,000 valuation is imaginable but lone for semipermanent investors.

Regarding the terms of bitcoin, the plus manager described, “The survey recovered precocious levels of assurance astir the semipermanent inclination of the cryptocurrency,” adding that 23% forecasted that BTC volition transcend $30,000 by the extremity of 2023.

Furthermore, 65% of organization investors surveyed hold bitcoin could inactive deed $100,000 successful the agelong term. Among them, 58% expect BTC to scope this terms level wrong 3 to 5 years portion 25% accidental it would instrumentality 5 oregon much years.

Meanwhile, 39% of full respondents predicted that the terms of bitcoin volition scope its November 2021 highest of $69,000 wrong 3 years portion 76% said it volition apt hap wrong 5 years. “Only 3% questioned whether bitcoin volition ever scope erstwhile all-time precocious again,” the plus absorption steadfast noted.

Nickel CEO Anatoly Crachilov commented:

Price predictions successful the cryptocurrency marketplace is ever a daunting task, nevertheless the astir important uncovering successful our survey is that lone 3% of investors are questioning bitcoin’s future.

When bash you deliberation the terms of bitcoin volition deed $100K? Let america cognize successful the comments conception below.

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