Bitget, the world's leading cryptocurrency exchange and Web3 company, conducted a comprehensive research focusing on the Bitcoin halving, which is expected to occur in April 2024, and the impact of this halving on people's investment decisions.
The Bitget study included a large sample of participants, totaling 9,748 people from Western Europe, Eastern Europe, South East Asia, East Asia, MENA and Latin America.
At this point, Bitget research reveals that the Bitcoin halving is seen as an important focal point for the price to reach all-time highs, reflecting investors' confidence in the highly anticipated halving event.
Key Points from Bitget Study:
- 84% of respondents predict that in the next bull run, BTC will surpass the previous bull market's all-time high of $69,000.
- More than half of those surveyed globally predict that Bitcoin prices will range between $30,000 and $60,000 at the time of the halving (around April 2024), while 30% believe the price will break $60,000.
- Regarding all-time high price predictions for the next bull market, the majority, 55% of respondents, predict the Bitcoin price will be between $50,000 and $100,000, while a small portion are more bullish, expecting the price to rise above $150,000.
- Nearly 70% of investors surveyed say they will increase their crypto investments in 2024, indicating strong confidence in the potential of the crypto market.
Bitget General Manager Gracy Chen said the following about the research:
“The Bitget Study on Bitcoin halving impacts provides valuable insight into the evolving landscape of BTC investing. The findings reflect a wide range of expectations and investment plans and suggest that 2024 will be an important year for the Bitcoin market.”
We're pleased to see such positive sentiment emerging as market conditions continue to improve.
At Bitget, we firmly believe in Bitcoin's potential to establish itself as a truly global store of value.
As a leading exchange, we aim to do our part in this regard. Contributing to the growth and development of the Bitcoin ecosystem through innovative product offerings, educational resources, and unwavering support from the community. “The road ahead continues to be bright, and we look forward to encouraging more investors and institutions to participate in Bitcoin's continued success.”
*This is not investment advice.
