Bitcoin: Bitget survey is optimistic for the next halving

By KMatt | Blogging Crypto | 5 Feb 2024

A recent survey conducted by Bitget, the crypto exchange also known for its important analyzes and frequent reports, found strong optimism among investors regarding the future of Bitcoin.
The survey involved 15 countries and approximately 5,000 investors finding that 84% of respondents believe Bitcoin will reach a new all-time high by the second quarter of 2024.

Investor optimism is partly fueled by the imminent halving of Bitcoin, scheduled for April 2024. I would like to remind you that the halving is a fundamental event for the King of cryptocurrencies, as it halves the reward for Bitcoin miners and has historically had a very positive impact on the price (with increases even exceeding 100% in the following 12 months).

Price predictions

The survey also provides some insight into the price of Bitcoin during the halving. 52% predict that the price will be in the range between $30,000 and $60,000, while 30% believe that the price will be above $60,000.
84% of respondents believe Bitcoin can surpass $69,000 in the next bull market. Finally, around 70% of respondents plan to increase their investments in cryptocurrencies, with higher percentages in the MENA and Eastern Europe regions.


However, some analysts urge caution. The crypto market, as we well know, is very volatile and unpredictable and therefore the future cannot be predicted. There is no certainty that history will repeat itself, times have changed quickly and macroeconomic aspects that have not been exactly idyllic in recent periods (wars, inflation and much more) must also be considered.

The survey offers an interesting insight into investor sentiment regarding the future of Bitcoin, with the upcoming halving certainly remaining a key event that could have a significant impact on the price.
However, I repeat, this is not an absolute rule, history does not always repeat itself and you should always do your research and understand the associated risks before investing.



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Welcome to my blog <3 I love playing videogames, interested in crypto, support #lgbtqi+ and human rights

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