Unveiled: 200 institutional investors and wealth managers share BTC price expectations
A vast majority of institutional investors and wealth manage rs are expect ing Bitcoin (BTC) and Ethereum (ETH) to trade at higher price s than today’s, by the end of the year. The $100,000 price per BTC is also massively expect ed to happen within the next five years. These and other price predictions were addressed in a study shared with Finbold on September 27. This global research was driven by Nickel Digital Asset Management (Nickel) with 200 institutional investors and wealth managers in the US, UK, Germany, Switzerland, Singapore, Brazil, and the United Arab Emirates who collectively manage around $3.5 trillion in assets. “Price predictions can of course be proved wrong in the short term by market shocks but there is genuine long-term confidence in the market with most investors believing Bitcoin will ultimately achieve the long-predicted $100,000 valuation. The market’s view on Ethereum is particularly bullish, with 99% of respondents expect ETH to finish the year above...