According to a research report by the exchange Bitget, which interviewed nearly 10,000 investors, 84% of investors believe that Bitcoin will soon surpass its historical high of $69,000 after the halving, and 70% of investors explicitly stated that they will increase their holdings in 2024.
(Previous Summary:
Bitcoin halving countdown 100 days! Reviewing the history of the past three halvings, will BTC definitely rise?)
(Background Supplement:
CZ talks about Bitcoin halving: Past experience tells me that BTC will hit multiple historical highs “one year after the halving”)
Table of Contents:
84% of respondents believe that BTC will surpass its historical high after the halving
70% of investors plan to increase their holdings of cryptocurrencies in 2024
Predictions for the peak of the bull market
Bitcoin is about to undergo its latest halving event in April this year. The market has repeatedly predicted that BTC will follow the historical trajectory and experience a bull market after the halving.
In this context, the cryptocurrency exchange Bitget released a comprehensive research report earlier this month, revealing the market’s expectations for the halving after interviewing nearly 10,000 investors.
84% of respondents believe that BTC will surpass its historical high after the halving
According to the Bitget report, 84% of investors currently believe optimistically that Bitcoin will surpass its historical high of $69,000 shortly after the halving. Among them, investors from Latin America, East Asia, and Southeast Asia are the most bullish, while investors from Western and Eastern Europe hold a more conservative attitude. However, they also have a positive view of Bitcoin’s long-term development trajectory.
Source: Bitget
70% of investors plan to increase their holdings of cryptocurrencies in 2024
At the same time, the report also pointed out that 70% of investors explicitly stated that they will increase their holdings of cryptocurrencies in 2024. Among them, investors from the Middle East, North Africa, and Eastern Europe are the most aggressive, while investors from Southeast Asia and East Asia believe that they need to wait for the market to stabilize after the halving before increasing their positions.
Source: Bitget
Predictions for the peak of the bull market
Finally, Bitget also revealed investors’ predictions for the next bull market. The report shows that 55% of investors believe that Bitcoin will stabilize in the range of $50,000 to $100,000, while only 8% of investors believe that Bitcoin will surpass the $150,000 mark.
Interestingly, although Western Europe has shown a cautious attitude towards the halving’s direct impact, their predictions for the bull market give the highest price, reflecting their investment sentiment of “short-term caution, long-term optimism.”
Source: Bitget
Further reading:
Mining Report: Bitcoin needs to rise to $100,000 after the halving for large-scale mining companies to avoid losses.
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