Survey: Trader Bitcoin price of 22,000 USD prophesy in 2020
The San Francisco-based exchange Kraken has carried out a survey based on the answers of 400 VIP traders with crypto-currencies. Of these, a majority is still bullish and price is expected to be a rise in Bitcoin.
Despite the current economic climate, the participants in the survey still believe that crypto market in a “bull market” is. In addition, the respondents of the Kraken survey believe that the BTC price with 22.866 dollars per coin will reach a new all-time high this year.
27. March released the Kraken, a survey with the title “mood survey 2020″: Where we are and what is to come”. The survey was conducted with 400 VIP traders and 41% said to be “investors”, 40% said to be “dealer” and 15% said to be “institutions”. A small percentage of the respondents for payment companies, crypto exchanges, and Miner were.
Octopus Intelligence, our Team of in-house research expert, surveyed in January of this year for 400 customers from all over the world, in order to determine their feelings and expectations in terms of crypto in the year 2020“,
the on Friday sent a VIP client letter explains.
According to the report, 44% of the participants believe that the crypto market is still in the middle of a “bull market”. Approximately 34% of the respondents indicated that they were currently “uncertain”. In addition, 22% of the respondents are of the Kraken survey are of the opinion that the Cryptocurrency is currently facing a “bear market”.
Interestingly, the respondents and organisations that BTC in the year 2020, a new all-time high (ATH) to reach. The survey finds that respondents expect the price of BTC will eventually rise in the course of the year on 22.866 dollars per coin. The VIP traders predict that the price of ETH will reach 810 dollars, however, Ether is not expected to exceed the former ATH in the year 2020.
The respondents also said that some of them manage massive amounts of money. 84% of the participants stated that they manage less than $ 10 million. But 11% of the respondents indicated that they manage according to the octopus-statistics around 10 million dollars and 50 million dollars. 6% indicated that they manage funds of between 50 and 100 million dollars.
Almost 50% of respondents expect that the us SEC will approve this year, a Bitcoin ETF,
Kraken points out in his blog post.
Tether (USDT) was the overwhelming favorite (60.4%) of the Stablecoin users, notes the report. The report of the Kraken adds:
Despite these uncertain times, is from the survey clearly indicate that the crypto industry has still a lot of progress and catalysts, and optimism.
However, some experts are of the idea are waived and that Bitcoin is developed independently from the stock market and completely detached can be considered. The correlation between the traditional markets, like the stock market, and the General history of the crypto market still shows a large dependence. It remains to be seen whether Bitcoin can be its reputation as a “digital Gold” actually in the next time.
