Most people who use cryptocurrency think that the price of Bitcoin will go even higher than before after the upcoming halving event, according to a new study.
Bitget, a company that trades cryptocurrencies, asked 9,748 investors from different parts of the world about their thoughts on cryptocurrency. The regions included were West Europe, East Europe, South East Asia, East Asia, Middle East and North Africa, and Latin America.
Bitget discovered that most of the people they asked feel hopeful about the future of Bitcoin.
Around 84% of people think that Bitcoin will go higher than its previous high of $69,000 in the next price increase, after the halving event in April. This is when miners will get less of a reward.
The report also says that more than half of the people asked think that Bitcoin will stay between $50,000 and $100,000 for a while. A few people think that Bitcoin will go higher than $150,000.
More than half of the people asked think that the value of Bitcoin will be between $30,000 and $60,000 around the time of the April halving. Around 30% of people think that the price of Bitcoin will go higher than $60,000 in April.
The survey also found that 70% of people in the crypto market want to invest more in digital money.
Bitget’s managing director, Gracy Chen, says.
“The report shows that a lot of people have high hopes and are planning to invest in Bitcoin in 2024. It suggests that it will be an important year for the Bitcoin market. ” We are happy to see people feeling more positive as the market gets better.
At the moment, the price of Bitcoin is $42,890, which is a bit higher than it was 24 hours ago.