Portfolio managers and capital strategists took part in a survey by CNBC about expectations of Bitcoin price behavior in the foreseeable future. They needed to answer the question:
44% of respondents in #CNBCQuarterlySurvey say #bitcoin will be below $30,000 at the end of the year.
Where do you stand? #btc @andrewrsorkin @BeckyQuick @JoeSquawk discuss: pic.twitter.com/zpPHtSaeWK
— Squawk Box (@SquawkCNBC) July 2, 2021
“Where will Bitcoin be by the end of the year?”
44% of those surveyed said that Bitcoin will trade below $ 30,000 in December. Others were more optimistic.
Of the remaining 25% expressed confidence that Bitcoin will resume its growth and end the year at least about $ 45,000. Another quarter believe that the cryptocurrency will rise to $ 55,000 over the next six months. The 6% minority foresees a return to all-time highs about $ 60,000.
CNBC host Andrew Sorkin joined the largest group and announced that Bitcoin will be worth less than $ 30,000 at the end of the year, noting that in the long term, the cryptocurrency will be able to overcome this level.
Bitcoin again failed to gain a foothold above the $ 35,000 mark and is traded today at about $ 34,250.
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