A new survey reveals how Wall Street investors and portfolio managers see Bitcoin performing for the rest of the year.
Conducted by CNBC, the survey asked over 100 chief investment officers what they think the price of Bitcoin will be when 2021 comes to a close.
Coming in at 44%, the most common answer from the survey participants was “below $30,000,” indicating a generally bearish outlook from Wall Street investors on the king cryptocurrency.
Twenty-five percent of respondents believe the price of Bitcoin will be $40,000 by the end of the year, and another 25% predict BTC will be sitting at $50,000.
Only 6% of survey participants believe that Bitcoin will finish 2021 at the $60,000 level.
Results of the CNBC survey align with another poll conducted in June by Bank of America, which found that 81% of fund managers believe Bitcoin is still in a bubble.
While nearly half of Wall Street investors polled believe that Bitcoin will trade lower by the end of the year, widely-followed crypto analyst PlanB has predicted that BTC’s price will not go lower than $135,000 in December.
For PlanB’s forecast to be correct, the world’s flagship crypto asset would have to rally by over 294% in the coming months from its current price of $34,207.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/JR Moreira