CryptoMediaClub
Monday, July 28, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home All news

Bitcoin Will Reach its ATH of $69,000 This Year: 25% of Americans Believe (Survey)

23.07.2023
A A
0
123
VIEWS
ShareShare

A recent study conducted by CryptoVantage estimated that 23% of US residents expect bitcoin to climb to its all-time high price of almost $70,000 by the end of 2023. 47% think this would happen in the next five years.

The majority of respondents also believe the high inflation that has recently spread across the globe will make the cryptocurrency industry more attractive to investors.

Americans’ Latest Thoughts on Crypto

The survey, which questioned 1,000 US residents who had purchased some cryptocurrencies in the past, showed that 70% expect BTC to shoot back to approximately $70K in the next five years. In comparison, only 8% believe the leading digital asset will never climb to that level again.

BTC Future Price, Source: CryptoVantage

The entity behind the analysis highlighted the overall positive stance of the respondents on bitcoin’s future valuation, reminding that the next BTC halving is due in the spring of 2024.

“Still, the fact that 78% of people in total believe that BTC will eventually set a new ATH is heartening, as is the fact that only 8% believe it will “never” equal or top $69,044. And in terms of what might help the cryptocurrency regain former levels, it should be noted that the next Bitcoin halving is due to take place by the end of April 2024.”

The event happens every four years and reduces the awards for miners in half, thus ensuring that the speed of production of new BTC slows down. It is worth mentioning that the price of the primary cryptocurrency has headed north following all previous halvings.

ADVERTISEMENT

The participants were also quite bullish on Ethereum (ETH), with 46% saying it has the best chance of surpassing bitcoin as the biggest crypto asset in the future. 20.8% expect Dogecoin (DOGE) to flip BTC, while 7.8% believe BNB could achieve that.

At the same time, they expressed concerns that the infamous volatility in the market could negatively impact the prices of digital currencies.

Inflation to Push People Toward Crypto

Most survey respondents think that “global financial trends,” such as the galloping inflation, rising interest rates, and the overall economic growth, could play a key role in the future valuation of cryptocurrencies.

Recall that the US Federal Reserve adopted an aggressive interest rate hike strategy shortly after the outbreak of the COVID-19 pandemic. Lifting the benchmark has reduced investor interest in risk-on assets, such as digital currencies.

Regarding inflation, 54% of the participants believe it will trigger additional enthusiasm toward the crypto sector. Argentina and Turkey are two examples where residents have embraced the asset class amid the severe monetary problems in their homelands.

As CryptoPotato recently reported, the high inflation and the devaluation of the Egyptian pound have caused some locals to seek alternative investment options like cryptocurrencies. The country’s official currency has depreciated so much that the price of BTC measured in EGP recently tapped an all-time high on exchanges like Binance and Changelly.

SPECIAL OFFER (Sponsored) Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.

Share9Tweet6ShareSharePin2

Related Posts

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure
All news

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
0

XRP investors are raising red flags after a wallet linked to Ripple co-founder Chris Larsen sent 50 million XRP to...

Read moreDetails
Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Load More
Next Post

Grayscale BTC Trust Dominates ARK’s Q2 2023 ETF Rankings, Coinbase Tops in Asset Allocation

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Hong Kong Approves Spot Bitcoin & Ethereum ETFs

Hong Kong Approves Spot Bitcoin & Ethereum ETFs

1 year ago
ANZ Joins Singapore’s Project Guardian for Tokenization as First Australian Bank

ANZ Joins Singapore’s Project Guardian for Tokenization as First Australian Bank

10 months ago
Largest SHIB Whale Spotted, $1.55M Worth Tokens Purchased

Largest SHIB Whale Spotted, $1.55M Worth Tokens Purchased

2 years ago
Crypto Wallet with Visa Card Support to Appear on Telegram

Crypto Wallet with Visa Card Support to Appear on Telegram

9 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Trending

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure
All news

Ripple’s Chris Larsen Still Holds 2.58B XRP, Analyst Warns of Potential Sell Pressure

27.07.2025
0

XRP investors are raising red flags after a wallet linked to Ripple co-founder Chris Larsen sent 50...

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz