#BitcoinHalving
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#BitgetSurvey
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#DigitalCurrency
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#CryptocurrencyTrends
A fresh survey conducted by Bitget has unveiled a prevailing bullish sentiment among investors concerning Bitcoin’s anticipated halving event in April 2024. An overwhelming 84% of the surveyed individuals foresee Bitcoin eclipsing its historical peak of $69,000 during the ensuing bull market. This optimism is backed by nearly 10,000 crypto investors worldwide who participated in the study, aimed at gauging market sentiment and the anticipated impacts of the halving event. While the survey highlights that a majority, about 70%, plan to augment their crypto holdings in 2024, predictions regarding Bitcoin’s price post-halving varied, with 55% expecting it to stabilize between $50,000 and $100,000. In particular, 30% of respondents anticipate a valuation exceeding $60,000 at the time of the halving in April 2024.
The study not only showcased investors’ ambitions but also shed light on their diverse expectations and investment schematics, underscoring the significance of 2024 for the Bitcoin ecosystem. Gracy Chen of Bitget reflected a positive outlook, emphasizing the widespread bullish sentiment particularly notable in Latin America, Asia, and the MENA region, against a backdrop of more conservative expectations from European investors. Bitcoin halving, intrinsically designed to curtail the reward for mining new blocks thereby controlling supply and counteracting inflation, has historically been a catalyst for price appreciation. Additionally, Bitget’s exploration into demographic influences on crypto investments revealed intriguing trends regarding the impact of gender and age, particularly highlighting the prominence of Gen Z in the sphere of copy trading, emphasizing a keen adaptation to technological advancements and social media influence among younger investors.
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