97% of Institutional Investors Expect BTC to Hit $100K+ in 2 Years, Survey Finds

IconCryptoNewsTerminal Staff30 Jul, 2024

cryptonews.jpg

97% of Institutional Investors Expect BTC to Hit $100K+ in 2 Years, Survey Finds

Institutional Investors Bullish on Bitcoin A recent survey conducted by London-based digital asset investment firm Nickel Digital Asset Management revealed that 97% of institutional investors surveyed in June expect Bitcoin (BTC) to hit $100,000 within two years. This is a significant increase from the 75% of institutional investors who gave the same answer in a similar survey conducted by Nickel Digital in January. The survey polled 200 institutional investors across the United States, the United Kingdom, Germany, Singapore, Switzerland, Brazil, and the United Arab Emirates (UAE). In addition to the bullish outlook on BTC's long-term price potential, 92% of respondents said they expect BTC to hit $70,000 this year. These findings suggest that institutional investors are increasingly recognizing the potential of Bitcoin as an investment asset. As more institutional investors enter the market, it is likely that demand for BTC will continue to grow, which could further drive up its price. Disclaimer: This article is for informational purposes only and should not be considered investment advice.

Related News