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Wall Street Survey Reveals Majority of Investors See Bitcoin Below This Price Level at Year End

A brand new survey reveals how Wall Street buyers and portfolio managers see Bitcoin performing for the remainder of the 12 months.

Conducted by CNBC, the survey requested over 100 chief funding officers what they suppose the worth of Bitcoin can be when 2021 involves a detailed.

Coming in at 44%, the commonest reply from the survey members was “under $30,000,” indicating a typically bearish outlook from Wall Street buyers on the king cryptocurrency.

Twenty-five % of respondents believe the worth of Bitcoin can be $40,000 by the top of the 12 months, and one other 25% predict BTC can be sitting at $50,000.

Only 6% of survey members consider that Bitcoin will end 2021 at the $60,000 degree.

Results of the CNBC survey align with one other ballot performed in June by Bank of America, which found that 81% of fund managers consider Bitcoin remains to be in a bubble.

While practically half of Wall Street buyers polled consider that Bitcoin will commerce decrease by the top of the 12 months, widely-followed crypto analyst PlanB has predicted that BTC’s worth won’t go decrease than $135,000 in December.

For PlanB’s forecast to be right, the world’s flagship crypto asset must rally by over 294% within the coming months from its present worth of $34,207.

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Featured Image: Shutterstock/JR Moreira

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