Investors Expect Bitcoin's Price to Fall to $10,000 – Markets and Prices Bitcoin News

Survey: Majority of Investors Expect Bitcoin Price to Fall to $10,000

A new survey shows that the majority of nearly 1,000 investors who responded expect bitcoin’s price to drop to $10K. In addition, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless.

Investors Believe Bitcoin Could Fall to $10K

The latest Bloomberg MLIV Pulse survey, conducted from July 5-8, asked 950 investors who responded where they see bitcoin’s price heading.

Respondents were asked, “Which level will bitcoin trade at first? $10K or $30K.” According to the results published Monday, 60% of them said BTC will drop to the $10K level first.

MLIV Pulse survey’s results showing that investors think bitcoin is heading lower. Source: Bloomberg

Furthermore, 28% of respondents expressed strong confidence that cryptocurrencies are the future of finance while 20% said they are worthless, Bloomberg conveyed, adding that most respondents were at least slightly skeptical about cryptocurrencies.

When asked about non-fungible tokens (NFTs), only 9% of respondents said they were an investment opportunity. The majority see them as art projects or status symbols.

At the time of writing, bitcoin is trading at $20,553, down 3.3% over the past 24 hours and 40% over a one-year period.

There has been much discussion about where the bottom is for bitcoin. Shark Tank star Kevin O’Leary мындай деди: last week that he doesn’t believe we’ve seen the bottom yet. He warned that there will be a major panic event in crypto.

A Fidelity Investments analyst recently said that at the current level, bitcoin is cheap. Deutsche Bank predicted in June that BTC чейин көтөрүлөт $28K by the end of the year, but cautioned that the crypto free fall could continue.

Do you think the price of bitcoin will fall to $10K? Let us know in the comments section below.

Nadira-Хелмс

Англия Экономика студенти, Kevin 2011-жылы Биткойн таап, бери бир кабарчы келет. Анын кызыкчылыгы Bitcoin коопсуздук, ачык системалардын, тармак таасиринен жана экономика жана Колдонмо ортосундагы кесилишинде жатышат.