Most Investors Think Bitcoin wont Top 50K by 2030


A survey from Genesis Mining has found that most Bitcoin investors arent expecting a 50,000 BTC price in 2030 although 3.5 of respondents tipped prices exceeding 500,000.

British Virgin Islandsbased institutional mining platform, Genesis Mining, has published the findings from a survey of 1,000 current and former U.S.based Bitcoin investors twothirds of whom believe BTC is a better longterm store of value than the dollar.

More than half of respondents believe Bitcoin will beat out gold, real estate, and the stock market over the five to 10 years, with 65 expressing faith that BTCs value will continue to appreciate with time.

The bear case
But despite the apparently favorable sentiment, just 17 of those surveyed predicted that Bitcoins price would exceed 50,000 by 2030. This would only require the price to increase by 160 over the next 10 years, while BTC has already gained 166.5 during 2020 so far.

A further 17 predicted that Bitcoins price would actually fall over the next decade, while one sixth of respondents did not feel confident in speculating on BTCs longterm price performance.

In total 50.1 of respondents estimated that BTC will be worth 20,000 or less by 2030, one third predicted the price will be 10,000 or less, and 11.8 forecasted prices below 1,001.

Almost onethird of respondents who predict a stagnate or bearish 10year performance expect Bitcoin to be hindered by regulations, while one fifth anticipate outright bans on cryptocurrency from…

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