Last year, BTC broke a record, by reaching $ 64 thousand. After a minor setback, it reached its historical peak to the 69 thousand dollars. Since then (6 months) the crypto market continues to shrink. It even dropped to $17,622 on June 18. It’s a little more stable now but Bitcoin predictions from Wall Street investors show otherwise.
Wall Street says Bitcoin will fall!
BTC dropped to $17,622 last month. Recently, it has been circulating between 18 and 22 thousand dollars. The route it will take seems uncertain for now. Some of the crypto investors said they expect an upward movement towards $30,000. But some of them stated that they are waiting for another falling record to come.
The survey conducted with more than 950 Wall Street investors asked questions about Bitcoin. First, they asked if BTC would rise to $30,000 or fall by $10,000. More than 60 percent of respondents said they believe Bitcoin will drop to $10,000, meaning there is a selling opportunity. Nearly 40 percent said that it will increase to 30 thousand dollars, and they believe that there is a buying opportunity right now.
In fact, the survey showed that cryptocurrencies are a highly polarizing topic among people. 28 percent of investors said digital assets are the future of finance. But 20 percent said they were worthless. The situation is much worse in NFT.
Speaking of NFT, many investors stated that they only see them as art projects. Only 9 percent of these people think that digital collections can serve as a viable investment opportunity. In other words, 91 percent do not support investment in NFT.
Note: It is not investment advice.
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