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.
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.
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.
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