Bitcoin More Likely to Head to $10,000 than $30,000, Poll Claims
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Bitcoin More Likely to Head to $10,000 than $30,000, Poll Claims

2 months ago

Retail investors were more likely to describe cryptocurrencies as "all garbage" than professional investors.

Bitcoin More Likely to Head to $10,000 than $30,000, Poll Claims

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Bitcoin's more likely to tumble to $10,000 than accelerate to $30,000, according to a new poll.

According to Bloomberg, 60% of those who responded to a MLIV Pulse poll believe BTC will tumble to new lows first.

The remaining 40% think further downside is limited, and that the world's biggest cryptocurrency can regain lost ground in the months ahead.

As Bloomberg's report notes, the industry "has been rocked by troubled lenders, collapsed currencies, and an end to the easy money policies of the pandemic."

Retail investors were more likely to describe cryptocurrencies as "all garbage" than professional investors.

Pros were also more likely to declare that digital assets are the future — 26% of those polled feel this way.

The gloomy outlook indicates that people are still extremely fearful about what lies ahead for the crypto market.

There was a particularly damning indictment for NFTs, with just 9% of those polled believing that crypto collectibles are an investment opportunity.

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