According to a recent study, most of the roughly 1,000 respondents who are investors believe that the price of bitcoin would fall to $10,000. Additionally, 28% of respondents expressed a strong belief that cryptocurrencies will play a significant role in the future of finance, while 20% believed they had no value.
Investors think Bitcoin may drop to $10,000.
Where do 950 investors who participated in the July 4–8 Bloomberg MLIV Pulse poll expect the price of bitcoin to go?
Which level will bitcoin trade at initially? was the question posed to respondents. $10K or $30K.” Results were released on Monday, and 60% of respondents predicted that BTC will decline below the $10K mark first.
The findings of the MLIV Pulse study indicate that investors believe bitcoin will decline. from Bloomberg
According to Bloomberg, the majority of respondents had at least a mild level of skepticism regarding cryptocurrencies, however 28 percent of respondents indicated great confidence that cryptocurrencies represent the future of finance while 20 percent claimed they are useless.
Only 9% of respondents who were questioned about non-fungible tokens (NFTs) said that they offered an investment possibility. Most people consider them to be artistic endeavors or status symbols.
At the time of writing, the price of bitcoin is $20,553, down 3.3 percent from the previous day and 40 percent from the previous year.
Where the Bitcoin bottom is has been a topic of great debate. Kevin O’Leary, a star of Shark Tank, stated last week that he doesn’t think we’ve reached the bottom yet. He issued a warning that there will be a significant crypto panic. Recently, a Fidelity Investments expert claimed that the price of bitcoin is reasonable. Although it issued a warning that the cryptocurrency free slide would