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

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

27.07.2024 18:00 1 min. read Alexander Stefanov
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Survey: 44% Predict Bitcoin Will Surpass $100,000 This Cycle

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.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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