A new
survey from Bitget reveals bullish investor expectations around Bitcoin’s
upcoming “halving” event in April 2024. 84% of respondents predict
Bitcoin surpassing its all-time high of $69,000 in the next bull run.
The Bitget
study engaged nearly 10,000 crypto investors globally to analyze sentiment and
potential market impacts. Key findings from the extensive research reveal that 70%
of participants indicate plans to raise their crypto investments in 2024.
Regarding Bitcoin’s potential post-halving price stabilization, 55% expect a
range between $50,000 and $100,000, while 30% forecast over $60,000 valuation
during the halving timeframe itself in April 2024.
“The
findings reflect a broad spectrum of expectations and investment plans,
indicating that 2024 will be a significant year for the Bitcoin market,”
said Gracy Chen, the Managing Director at Bitget.
Halving has
historically catalyzed appreciation for Bitcoin ‘s value. Investors seem poised
to capitalize on potential gains, with bullish outlooks especially notable
across Latin America, Asia, and MENA respondents. Europe presented more
conservative expectations, both mid-term and long-term.
“We
are pleased to see such positive sentiment emerging as market conditions
continue recovering,”…
