A new survey of 1,000 current and former cryptocurrency investors is revealing some insight on where overall sentiment is on the market.
A survey from Bitcoin and altcoin cloud mining firm Genesis Mining shows a significant lack of consensus on where the price of BTC will be in 2030.
About 25% of those questioned believe BTC will be above $40,000 by 2030, while about 63% believe it will be $30,000 or below. Here’s a look at the breakdown.
When compared directly to the stock market, BTC came out on top.
“Though such exponential returns may be out of reach for Bitcoin going forward, the majority of investors [54.5%] believe that Bitcoin could still outperform the stock market in the coming decade or so.”
In addition, 57% say they believe Bitcoin will outperform gold in the next five to 10 years.
Bullish respondents pointed to a number of factors why BTC could rally. They believe its adoption curve has more room for growth and predict a potential decline in the amount of overall trust in fiat currency.
Bearish respondents believe another cryptocurrency will replace Bitcoin, governments will ban it, or regulators will legislate it into obscurity.
“Collectively, respondents’ opinions underscore how uncertain we are regarding Bitcoin’s future value. Those who purport to be hyper-confident in their projection could be proven just as wrong as those who are completely uncertain about where Bitcoin’s price point will be in ten years.”
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Featured Image: Shutterstock/Tithi Luadthong
