A recent survey among South Korean crypto investors revealed increasing optimism regarding Bitcoin's future and the overall crypto market. Many expect the current rally to continue into August.
Investors' Expectations for Bitcoin
The survey, conducted collaboratively with Bitcoin World and Cratos, found that nearly half of respondents (47.8%) believe Bitcoin's value will increase this week, indicating a rise in confidence. Conversely, only 22.2% expect a decline, down from the previous week's 28.8%.
Shifts in Market Sentiment
A notable 51.9% of participants expressed optimism regarding the overall crypto market, signaling a decrease in fear among investors. Only 18.1% reported feelings of fear or extreme fear, significantly lower than in previous surveys.
August Predictions
A substantial 44% of respondents expect the cryptocurrency rally to continue in August, while 38% anticipate a modest pullback, showing caution but not a full reversal. Only 18% foresee a downside reversal.
Overall, the survey clearly indicates that optimism among investors in South Korea is on the rise, potentially influencing investment decisions and market stability in August.
