Ethereum

Cryptocurrency

United

Bitcoin

Rupee

<div class="finbold"> 
 <p class="paragraph">A vast majority of <a rel="dofollow" title="institutional" href="https://thebittimes.com/tag/institutional.html">institutional</a> <a rel="dofollow" title="investors" href="https://thebittimes.com/tag/investors.html">investors</a> and <a rel="dofollow" title="wealth" href="https://thebittimes.com/tag/wealth.html">wealth</a> <a rel="dofollow" title="manage" href="https://thebittimes.com/tag/manage.html">manage</a>rs are <a rel="dofollow" title="expect" href="https://thebittimes.com/tag/expect.html">expect</a>ing Bitcoin (BTC) and Ethereum (ETH) to trade at higher <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>s than today’s, by the end of the year. The $100,000 <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> per BTC is also massively <a rel="dofollow" title="expect" href="https://thebittimes.com/tag/expect.html">expect</a>ed to happen within the next five years.</p> 
 <div></div>
 <p class="paragraph">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.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“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 the current level of 1,900.”</p> <cite>— Anatoly Crachilov, CEO and Founding Partner at Nickel Digital</cite>
 </blockquote> 
 <h2 class="wp-block-heading" id="h-bitcoin-price-prediction-for-the-end-of-the-year">Bitcoin price prediction for the end of the year</h2> 
 <p class="paragraph">According to the study, only 3% of institutional investors and wealth managers believe Bitcoin will end the year below $30,000 per BTC — the spot market price for the leading cryptocurrency when the research was made.</p> 
 <div class="not-prose relative overflow-auto scrollbar-hide mb-8 mt-8"> 
  <div class="relative w-full flex gap-6 snap-x snap-mandatory overflow-x-auto"> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/27/094d9578f2edc5a2819e4eb9b5d53e37.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Stocks 
       <h3 class="font-bold leading-6 " id="ai-predicts-netflix-stock-price-for-october-31"> AI predicts Netflix stock price for October 31 </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/27/29a26c0f211def8eac624b3abbfb470b.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="can-bitcoin-recover-this-week-yes-if-this-happens"> Can Bitcoin recover this week? Yes, if this happens </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/27/7f2668b2c4981175db0d6d4365d7174c.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Finance 
       <h3 class="font-bold leading-6 " id="should-pakistan-adopt-bitcoin-btc-is-up-this-much-against-the-pakistani-rupee-in-2023"> Should Pakistan adopt Bitcoin? BTC is up this much against the Pakistani Rupee in 2023 </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/27/a812e15f2ece8221fda8130ab8f26965.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="bitcoin-price-prediction-for-halloween-2023"> Bitcoin price prediction for Halloween 2023 </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
   <div class="max-w-[300px]"> 
    <div class="py-0 first:pt-0 last:pb-0"> 
     <div class="flex gap-x-4"> 
      <div class="shrink-0  w-24"> 
       <img data-src="https://cdn.thebittimes.com/images/2023/09/27/9a8d6134981a6e7d1aec656bc844a9f2.webp" alt class=" w-full rounded-md lazy"> 
      </div> 
      <div>
        Cryptocurrency 
       <h3 class="font-bold leading-6 " id="us-bitcoin-holdings-plummet-as-regulatory-uncertainty-triggers-mass-exodus"> US Bitcoin holdings plummet as regulatory uncertainty triggers mass exodus </h3> 
       <div class="sm:flex gap-x-3 mt-2"> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment"> 
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;"> 
  </div> 
 </div> 
 <p class="paragraph">Notably, 78% of the experts believe they will see Bitcoin between $30,000 and $40,000 by December 31, 2023. Two different groups of 31% are expecting either something between $32,500 to $35,000, or $35,000 to $40,000.</p> 
 <p class="paragraph">15% of the interviewed institutional investors and wealth managers are betting Bitcoin will trade in the $40,000 to $45,000 price zone, just 1% are predicting a price superior to $50,000, and 3% see something in between these last two groups.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“The optimism about the year ahead is feeding through into longer-term support for Bitcoin growth – 78% believe Bitcoin will hit the landmark $100,000 valuation with 57% predicting the <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> will be achieved within five years.”</p> <cite>— Nickel Digital’s study</cite>
 </blockquote> 
 <h2 class="wp-block-heading" id="h-ethereum-price-prediction-for-the-end-of-the-year">Ethereum price prediction for the end of the year</h2> 
 <p class="paragraph">According to the study, only 1% of institutional investors and wealth managers believe Ethereum will end the year below $1,900 per ETH — the spot market price for the second-largest cryptocurrency when the research was made.</p> 
 <p class="paragraph">Notably, 70% of the experts believe they will see Ethereum between $1,900 and $2,500 by December 31, 2023. Two different groups of 25% and 35% are expecting something between $2,000 to $2,250 and $2,250 to $2,500, respectively.</p> 
 <p class="paragraph">23% of the interviewed institutional investors and wealth managers are betting Ethereum will trade in the $2,500 to $3,000 price zone, just 1% are predicting a price superior to $5,000, and 5% see something in between these last two groups.</p> 
 <blockquote class="wp-block-quote"> 
  <p class="paragraph">“The strong performance of the two key cryptocurrencies is expected to boost demand for altcoins underlining the restored confidence in the digital assets sector. Around nine out of out 10 (89%) questioned believe Bitcoin and Ethereum growth will fuel demand for altcoins.”</p> <cite>— Nickel Digital’s study</cite>
 </blockquote> 
 <figure class="wp-block-image size-large">
  <img decoding="async" loading="lazy" width="1024" height="625" src="https://cdn.thebittimes.com/images/2023/09/27/5943df8fef59c96c35ea3b34c5507e70.webp" alt="institutional investors and wealth managers forecasts for Bitcoin and Ethereum" class="wp-image-130218" srcset="https://cdn.thebittimes.com/images/2023/09/27/5943df8fef59c96c35ea3b34c5507e70.webp 1024w, https://cdn.thebittimes.com/images/2023/09/27/5943df8fef59c96c35ea3b34c5507e70.webp 300w, https://cdn.thebittimes.com/images/2023/09/27/5943df8fef59c96c35ea3b34c5507e70.webp 768w, https://cdn.thebittimes.com/images/2023/09/27/5943df8fef59c96c35ea3b34c5507e70.webp 1140w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Bitcoin and Ethereum forecasts to the end of the year. Source: <em>Nickel Digital Asset Management</em>
  </figcaption>
 </figure> 
 <p class="paragraph">All things considered, both Bitcoin and Ethereum’s further development, as well as the general market sentiment, news, and macroeconomics will play an important role in setting these assets’ future prices, to fulfill — or not — institutional investors’ and wealth managers’ expectations.</p> 
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p> 
 <p class="paragraph"> </p>
</div> 
<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/unveiled-200-institutional-investors-and-wealth-managers-share-btc-price-expectations-tbt64175.html">https://thebittimes.com/unveiled-200-institutional-investors-and-wealth-managers-share-btc-price-expectations-tbt64175.html</a></p>

Unveiled: 200 institutional investors and wealth managers share BTC price expectations

Table of Contents

TheBitTimes

Other articles published on Sep 27, 2023

EOS Is Becoming a Climate Positive Network That Will Offset Its Energy Consumption by 3x

LOOM Network's Remarkable Rebound in Crypto Spotlight

MoneyGram to Launch Noncustodial Crypto Wallets in Major Move into Decentralized Finance

Ramp partners with MetaMask to enhance web3

New Shido Marketing Campaigns

“3 accelerator programs in 3 years” Here’s how Williams Fatayo’s TruQ is redefining logistics by ...

Join our free newsletter for daily crypto updates!