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Survey: 44% Predict Bitcoin Will Surpass $100,000 This Cycle

Cryptodnes2024/07/27 15:58
By:Cryptodnes

A new CoinGecko survey found that 43.7% of respondents anticipate Bitcoin will exceed $100,000 during the current cycle.

The next most popular forecast , selected by 17%, is for Bitcoin to reach between $91,000 and $100,000.

Veteran crypto users are notably more optimistic, with over 50% of both second-cycle participants and experienced traders expecting Bitcoin to top $100,000. In contrast, only 35.2% of newcomers share this expectation.

Investors are the most bullish group, with nearly half predicting Bitcoin will surpass $100,000. Traders, builders, and spectators are less optimistic, with respective predictions of 33.9%, 32.6%, and 22.4%.

READ MORE:
Bitcoin Set to Surpass Gold in Market Value, According to SkyBridge Captal Founder

Ethereum’s price predictions were varied: 20.6% forecast it will exceed $10,000, while 19.2% expect it to peak around $5,000.

For Solana, 24.9% of respondents believe it will hit $300 this cycle, slightly above its previous peak, with 14.7% predicting a range of $300 to $400.

The survey, conducted from June 25 to July 8, included 2,558 participants predominantly from Europe, Asia, North America, and Africa. Of these, 69% were investors, 18% traders, 7% builders, and 6% spectators.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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