Institutional Investors Announced! They Expect These Levels in Bitcoin and Ethereum by the End of 2024!

While Bitcoin dropped sharply to $66,000 after the US government moved $2 billion worth of Bitcoin, investors' upward expectations still continue.

According to the latest survey results at this point, institutional investors predict that Bitcoin will be 100 thousand dollars in two years.

According to the results of a global survey by London-based digital asset investment firm Nickel Digital Asset Management, 97% of institutional investors said they believe Bitcoin will reach $100,000. The 97 percent rate marks an increase from January, when it was only 75 percent.

200 institutional investors and asset managers from the US, UK, Germany, Switzerland, Singapore, Brazil and the United Arab Emirates participated in the survey.

One-fifth (20%) of respondents expect the $100,000 target to be achieved within two years, while 92% predict Bitcoin will exceed $70,000 by the end of the year.

Almost all respondents (98%) say they believe altcoins and other digital assets will attract more investment.

At this point, 96% of participants predict that Ethereum (ETH) will exceed $3,700 by the end of the year.

Nickel Digital CEO and Co-Founder Anatoly Crachilov said the following about the survey results:

“We are witnessing a structural improvement in investor confidence.

Earlier this year, only 75% of respondents believed the $100,000 Bitcoin milestone was possible, but now almost all do. “This wave of optimism highlights the improving political discourse around digital assets and the growing credibility of the sector.”

Nickel Digital Asset Management is Europe's digital asset hedge fund manager, founded by a senior team with experience at major Wall Street banks and global hedge funds such as Bankers Trust, Goldman Sachs and JPMorgan, Morgan Stanley.

*This is not investment advice.