{"id":17043,"date":"2023-01-29T08:06:55","date_gmt":"2023-01-29T08:06:55","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/institutional-investors-forecast-strong-year-for-bitcoin-65-expect-btc-to-hit-100k-survey-shows-markets-and-prices-bitcoin-news\/"},"modified":"2023-01-29T08:06:55","modified_gmt":"2023-01-29T08:06:55","slug":"institutional-investors-forecast-strong-year-for-bitcoin-65-expect-btc-to-hit-100k-survey-shows-markets-and-prices-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/institutional-investors-forecast-strong-year-for-bitcoin-65-expect-btc-to-hit-100k-survey-shows-markets-and-prices-bitcoin-news\/","title":{"rendered":"Institutional Investors Forecast ‘Strong Year’ for Bitcoin \u2014 65% Expect BTC to Hit $100K, Survey Shows \u2013 Markets and Prices Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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A new survey shows that institutional investors expect \u201ca strong year ahead for bitcoin\u201d and are confident about the cryptocurrency\u2019s long-term valuation. In addition, 65% of institutional investors surveyed agree that bitcoin could reach $100,000.<\/strong><\/p>\n

\u2018Strong Year Ahead for Bitcoin\u2019<\/h2>\n

Nickel Digital Asset Management published the results of a survey Thursday showing how high institutional investors expect the price of bitcoin to reach. The London-based investment manager is registered with the U.K. Financial Conduct Authority (FCA) and the U.S. Commodity Futures Trading Commission (CFTC).<\/p>\n

The survey, commissioned by Nickel and conducted by market research company Pureprofile this month, interviewed 200 institutional investors and wealth managers across the U.S., U.K., Germany, Singapore, Switzerland, UAE, and Brazil. The respondents collectively managed around $2.85 trillion in assets.<\/p>\n

Sharing the results of the survey, Nickel detailed:<\/p>\n

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Professional investors are forecasting a strong year ahead for bitcoin and are confident about its long-term valuation. Nearly nine out of 10 professional investors predict bitcoin price rise this year. Two out of three agree $100,000 valuation is possible but only for long-term investors.<\/p>\n<\/blockquote>\n

Regarding the price of bitcoin, the asset manager described, \u201cThe study found high levels of confidence about the long-term trend of the cryptocurrency,\u201d adding that 23% forecasted that BTC<\/a> will exceed $30,000 by the end of 2023.<\/p>\n

Furthermore, 65% of institutional investors surveyed agree bitcoin could still hit $100,000 in the long term. Among them, 58% expect BTC<\/a> to reach this price level within three to five years while 25% say it would take five or more years.<\/p>\n

Meanwhile, 39% of total respondents predicted that the price of bitcoin will reach its November 2021 peak of $69,000 within three years while 76% said it will likely happen within five years. \u201cOnly 3% questioned whether bitcoin will ever reach previous all-time high again,\u201d the asset management firm noted.<\/p>\n

Nickel CEO Anatoly Crachilov commented:<\/p>\n

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Price predictions in the cryptocurrency market is always a daunting task, however the most significant finding in our survey is that only 3% of investors are questioning bitcoin\u2019s future.<\/p>\n<\/blockquote>\n

When do you think the price of bitcoin will hit $100K? Let us know in the comments section below.<\/strong><\/em><\/p>\n

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\nKevin Helms <\/h6>\n

\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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