Categories: Finance

Poll: 44% of investment directors expect bitcoin to be below $ 30,000 by the end of the year

A CNBC poll of 100 investment directors and asset managers showed that 44% of respondents expect BTC to fall below $ 30,000 by the end of this year.

Bitcoin got off to a huge start in 2021. In April, the rate of the first cryptocurrency reached $ 65,000, but now more and more fundamental factors point to a decline in the price of bitcoin. AND CNBC poll confirms the market sentiment.

The largest group of respondents – 44% – believe that by the end of the year the bitcoin rate will be below $ 30,000. A quarter of the respondents expect bitcoin to return to $ 40,000 by the end of the year and the same number expect BTC at $ 50,000. Only 6% of respondents believe that that the rate of the first cryptocurrency will exceed $ 60,000 by the end of the year.

When discussing the results of the survey, Squawk Box host Andrew Sorkin noted that in the short term he also believes in Bitcoin falling below $ 30,000. But if you look a decade ahead, in his opinion, the first cryptocurrency will easily overcome this level.

Another host of the program, Joe Kernan, said that even a decline in Bitcoin to $ 30,000 by the end of the year would be a “bullish sign.” According to him, this level can become a long-term “bottom” of the market, from which the rate of the first cryptocurrency will be repelled.

Earlier, a large-scale material was released on Bits.Media, which collected analysts’ opinions on whether the bitcoin rate will be able to overcome $ 100,000 this year.