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Many investors expect Bitcoin to grow above the $69,000 level
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Many investors expect Bitcoin to grow above the $69,000 level

Feb 6, 2024

Bitget exchange conducted a survey among its users and found that the majority of investors have a positive outlook on the long-term prospects of digital currencies.

The survey involved 9,748 individuals residing in Eastern and Western Europe, Southeast Asia, the Middle East, and Latin America. These investors believe that the upcoming halving event, scheduled for April 2024, will have a significant impact on the price of Bitcoin.

84% of respondents predict that as a result of the halving and increased demand, the cryptocurrency will reach new highs, surpassing the $69,000 mark. However, they also expect the market to react to the gradual reduction in miner rewards.

More than half of those surveyed (over 50%) are confident that in the months following the halving, BTC will trade in the range of $30,000 to $60,000.

Approximately 70% of survey participants expressed their intention to increase their investments in cryptocurrency.

A similar survey was conducted by the Binance exchange in Europe, and according to its data, around 73% of Eurozone residents believe that digital currency will continue to grow in the coming years. Additionally, approximately 55% of respondents stated that they already have experience with Bitcoin and other digital assets.

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