Less than half of crypto investors believe Bitcoin will recover soon, while amateur investors are more prone to run to extremes.
The prevailing sentiment among crypto investors is that BTC is likely to hit $10,000 rather than $30,000. 60% of respondents think so, according to a survey by Bloomberg. In total, the publication representatives surveyed 950 investors from July 5 to 8, half of which are professionals and the rest are amateurs.
The attitude toward cryptocurrencies was fairly polar in general — about 28% of respondents believe that cryptocurrencies are the future of financial markets, while 20% think they are useless. However, there were fewer strong skeptics among professional investors — 24% of retail investors and 18% of professionals called cryptocurrencies “garbage.” There were more professionals among slight skeptics — 55% vs. 49%. On the other hand, there were twice as many amateurs as professionals among “Bitcoin maximalists” — 4% vs. 2%.
The statistics clearly demonstrated that amateur investors are more prone to extremes in their judgments and assessments of digital assets.
Other interesting findings that Bloomberg learned included:
- respondents expect regulators to tighten oversight of the industry, but this is a good thing as it will increase confidence in digital assets and their popularity;
- the majority of respondents are certain that BTC and ETH will not give up their positions within the next five years, despite the competition from CBDCs;
- over 90% of the survey participants consider NFTs to be just art projects and status symbols, but not an investment opportunity.
However, a recent study by The Economist showed a different attitude to NFTs among cryptocurrency investors. In particular, non-fungible tokens were second only to cash in the level of trust as a financial asset.
