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%.
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.
Jeff Kendrick, global head of digital asset research at Standard Chartered, predicts Bitcoin could reach $200,000 by the end of 2025, regardless of the outcome of the 2024 US presidential election.
MicroStrategy CEO Michael Saylor shared his optimistic outlook for Bitcoin following the U.S. Securities and Exchange Commission’s (SEC) approval of options on BlackRock’s Bitcoin exchange-traded fund.
Coinbase is preparing to launch its cbBTC token on the Solana blockchain, according to the company’s Singapore director, Hassan Ahmed, during the Solana Breakpoint 2024 event.
Top asset manager VanEck has recently analyzed the potential impact of the 2024 US Presidential election on Bitcoin.