Survey: Nearly Half of Domestic Investors Predict Bitcoin Surge

IconCryptoNewsTerminal Staff28 Jul, 2024

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Survey: Nearly Half of Domestic Investors Predict Bitcoin Surge

Upswing in Market Optimism A survey conducted by Cryptonewsterminal and Cratos reveals that 48% of domestic investors anticipate a rise or skyrocketing of Bitcoin's value in the upcoming week. This marks an increase from the previous week's 60.7%. The survey also shows a decline in pessimism, with only 14.5% expecting a decline compared to 9.6% the previous week. Neutral Market Sentiment When asked about market sentiment, the majority of respondents (47.5%) expressed a neutral outlook. Optimism and extreme optimism combined accounted for 37.9%, while 14.6% reported fear or extreme fear. Impact of Mt. Gox Repayments Regarding the recent repayment of cryptocurrencies by Mt. Gox to its creditors, 47% of investors believe that positive news related to US presidential candidate Trump will outweigh the impact, leading to a rise in Bitcoin's value. Over 31% dismiss Mt. Gox as "old news," while 21.3% predict a decline due to selling pressure.

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