US Consumers Believe Bitcoin (BTC) Will Drop to New Bear Market Lows in Aftermath of FTX Collapse: New Survey
A brand new survey says US shoppers imagine the high-profile implosion of FTX will drive Bitcoin (BTC) costs to new lows amid the enduring bear market.
Enterprise intelligence agency Morning Seek the advice of carried out the survey with a pattern dimension of between 2,200 to 4,400 US adults from November fifteenth to seventeenth, a number of days after the collapse of FTX.
In response to the survey, US shoppers believe that Bitcoin will drop to $11,526 in six months within the wake of the FTX chapter, suggesting a possible decline of over 32% from BTC’s present worth of $17,046.
Morning Seek the advice of additionally says that the present prediction of US shoppers is $5,600 decrease than the results of the identical examine carried out in October this 12 months and cheaper by over $15,500 after they ran the analysis in January.
Says Morning Seek the advice of,
“Information has clearly shaken shoppers’ religion in essentially the most outstanding cryptocurrency’s worth.”
Whereas all US adults imagine that Bitcoin will considerably fall within the coming months, crypto homeowners are “barely extra optimistic,” based on the examine. Crypto homeowners who participated within the ballot predict that BTC would rise to $17,503.
In response to Morning Seek the advice of, crypto homeowners’ value predictions have been considerably larger than the heartbeat of the overall inhabitants and extra in contact with BTC’s present worth.
The examine additionally reveals that solely 38% of US shoppers imagine that digital belongings will seemingly stick round within the subsequent decade whereas 74% of crypto homeowners suppose crypto will seemingly survive within the subsequent 10 years.
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